This Week's Stock Ideas
Monday, Aug. 5, 2024
Good morning, everyone, and welcome to all who joined over the weekend!
As we have warned over the past two weeks, strong selling has come into the market and while we saw a slight bullish turnaround the first half of the week, that quickly changed after the FED meeting. Thursday and Friday we saw more aggressive selling. Again, not a surprise but many caught off guard. It appears as though we have sold off into support. The big question now is…. do we hold that level? This week will provide us with much needed clues to help determine the next move. Let’s continue to trade with caution until we get that confirmation.
Check out this week’s trade ideas.
Last week’s sector performance
