Bobby
165 posts


Transports made some good progress this week despite the Tech wreck growing more pronounced.
As discussed in last night's report, the stealth consolidation hasn't resulted in uptrends being violated for Equal-weighted SPX which made new all-time highs yesterday & still a lot of great areas of the market outside of Tech which haven't been dragged lower.
Thankfully, the rotation out of Tech directly followed the steep runup, so Financial media calling this a Bear mkt in Semis is a bit laughable w/ SOX still up 65% this yr. Given that the correction in Tech has happened bit-by-bit is actually quite helpful for the broader mkt, so i'll discuss my thinking on $SPX in tonights piece and what areas are important
For now, important to showcase TransportationTrucking, one of the strongest sectors right now in #IBD universe @marketsurge @IBDinvestors Have a nice weekend All

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No, this #Crude rally shouldn't last too much longer, but today's move was a short-term positive that could lift front-mth WTI up to the mid-80's before it peaks.
Growing closer to the end of this July bounce which means that some good news is around the corner which should take Crude back down towards the lows, in due time . For now, as discussed in reports, Refiners remain the best part of Energy and have made many people new-found Crack spread experts (#CrackIsWhack) $XLE

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Got my hands messy with polymer clay last night! Made a tiny moon trinket that fits perfectly on my phone case. No fancy tools needed, just good old fun. #HandmadeCrafts #DIY,

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Come join our neighborhood cleanup this Saturday 9AM at Central Park! Gloves u0026 bags provided—make our green space shine together. #CommunityAction
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