I moved to 100% cash here, in large part due to the fact that I will be in and out the rest of this week.
It is too early for me to get overly bearish based today’s action, though many of the high-flying marquee named did not see dip-buyers saving the day this time. We may be settling into a summer grind-fest, with small caps finding more supply at recent highs.
Either way, I am staying super light for at least another week, taking some losses today and booking a day-trade win in UVXY and closing out my swing win in SWC long.
See you after the bell for my recap.
