I used today to tighten up the portfolio, taking a few hits on a BIDU downgrade as well as a chase in VRNG. I did take some ANR off for a nice gain, but other than that I sit mostly in cash.
The last few weeks have been a little tough for traders, with no clear direction in sight. I still don’t have any charts worth mentioning, but it is clear that there is rotation into material from tech, as noted by our own @ChessNwine.
I will continue to look for trade ideas to bring to you, but as of now, I have little to none. Maybe I’ll find some gems in my homework tonight. See you guys in a bit.
Here’s an update chart of the Russell2K: