This Week's Stock Ideas

Monday, August 12, 2024

Good morning, everyone, and welcome to all who joined over the weekend!

Last week was a wild week for U.S. equity markets. We had a massive gap lower on Monday but markets clawed their way back to close out the week at the same level they closed at the week prior. While this rally back to positive territory was impressive, we did not like that markets were moving higher but volume was continuously decreasing. This tells us that there was not a lot of capital committed to the buy side (See image below).

With volatility on the rise, we must trade with caution

Check out this week’s trade ideas.

Last week’s sector performance