Buying optimism displayed the prior week did carry over to a small degree – until Friday. 

The end of the short week saw some corporate earnings warnings, oil prices rebounding on Euro-Russia developments and expressions of economic concern by notable figures Elon Musk (“I have a bad feeling”) and the JPMorgan CEO (“I’m expecting an economic hurricane”). 

Thus another week ended with a Friday sell-off. 

Most of our shorts resumed declining, for added profits. Our long positions were mixed – some sagging again, while others held steady or even posted some new weekly highs, something not seen in a while. 

Hard to make much of a short trading week, much less one that ushers in the normally quiet summer months. For all the volatility that returned to trading intra-week, few trades signaled among our stocks. 


Get your first month FREE when you subscribe

A full month of actionable insights on which stocks to invest.