Breakout plays are skimpy this morning, though I am testing out a FB long inside 12631. The market remains in bounce mode since finding some footing last week. However, we are not exactly screaming to the upside and running away from everyone. If anything, the action smacks of the low volume, drifting dog days of summer you expect to see in August.
I know I have mentioned it quite a few times, but keep an eye on STLD for a continuation breakout from its high and tight consolidation.
Also note that the weak earnings reaction to Macy’s renders JWN M busted long setups, now off my watchlist.
Finally, remember that even in a multi-year bull market with no real correction in the S&P in years we still have plenty of dangerous traps, such as in the likes of KATE KING SEAS this week. Always consider the downside risk to your trades.
Plenty of murder holes out there…
Indeed
I can relate to the bear at the grill.
I live 20- 25 minutes from downtown Orlando (although on 3 acres of woods when there was nothing out here 35 years ago).
I have a mama bear and 3 cubs living here (not to mention foxes and a coyote) and the cubs love to climb the trees.
Papa bear shows up all of the time.
I have had them 15 feet from me, breaking screens trying to get in the pool and in the pool.
I have pics of them (one in the pool).
If interested give me your iBC email and I’ll mail the bear pics.
Very interested..thank you.. 12631Chess at gmail
Going full twang on a wed am, huh? Okay, I see you
Country music at its finest.
You a Kacey Musgraves fan? If not, give her a look. pretty different but good sound
She’s kind of like Michelle Branch when she was in The Wreckers.