Good morning everyone, and congrats to all who caught that 15%+ banger on DAL last week.
Despite the volatility in U.S. equity markets, we continue to find these hidden gems right before they rocket higher. Sadly, there is little clarity in the market as the bulls and the bears continue to grapple for control. As of now, the trend is still bullish, but we could definitely see some more downside. Our support level for the S&P 500 is 5,650, and a close in the week below could signal bad news for stocks. We plan to keep exercising caution and expect a bounce near those levels. Let’s see how it plays out, and keep an eye out for market updates.
Check out this week’s trade ideas.