Good morning, everyone. Congratulations to all who caught that 10%+ on FUTU last week, along with RTX, which reversed precisely at our price target.
The S&P 500 broke through our 6,050 resistance as expected and hit new all-time highs. However, the fact that it broke through at the end of an extended rally could lead to a slight pause before continuing its upward trend. As a result, we will reduce our share size in case we see a pause and add to our positions on the way up. If we open strong out of the gate, we can have a bit more confidence in the follow-through.
Check out this week’s trade ideas.