We have some momentum names like TSLA Z perking up today, even in a very lethargic overall tape.
@RaginCajun snagged a nice entry in KNDI on the long side inside 12631 for members earlier, too.
However, the weakness in the financials is concerning, especially BAC C JPM. In essence, the market has a bit of everything here. I still view the sector as setting up to be a short.
Note the JPM daily chart, below, with a pretty textbook bear flag under resistance.
I am also still short bonds from last Friday, and watching them go red as I write this. I am looking to add to my bond short this week if the weakness continues to play out.
It is a slow day out there, and as they say it is tough to short a boring market in equities. Let’s see how they do the final ninety minutes.
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