A date with the 50 day?

The Market:

The market had a shortened trading week due to the July 4th holiday, but that didn’t stop the market from pushing higher and closing near the highs of the week. The Nasdaq composite outperformed the other indexes closing above its 10 week moving average for the first time since the beginning of April and now sits just 0.21% below its 50 day moving average.

Net new lows remain, bringing the streak to 20 days. However, the 6/24 follow through day has not failed yet since the lows from 6/17 have not been undercut.

Secondary Indicators:

Put Call Ratio: Neutral reading at .91
Percent of Stocks above the 50 day: Nasdaq - 45% S&P - 28%
Percent of Stock above the 200 day: Nasdaq - 21% S&P - 21%

Fear & Greed Index:

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Leaders:

AGL, CELH, ENPH, EVH, FNKO, HALO, JKS, LI, LNTH, PRVA, UTHR

https://www.tradingview.com/watchlists/84325802/

Actionable Ideas:

SEDG - Trendline - Ideally we get another day or two below the trendline to help tighten up a little.

GTLB - Mini Coil - Pivot $60.36

LI - High Tight Flag - Standard Pivot $41.49

The content presented is for informational and educational purposes only. Nothing contained in this newsletter should be construed as financial advice or a recommendation to buy or sell any security. Please do your own due diligence or contact a licensed financial advisor as participating in the financial markets involves risk.