Rotation to Tech today, 10YN was up and new money Monday. Going Short over next 2 days as we will see Month & Quarter end selling. The current run is a 6 day, 560 points and 4% with no major pull back. NAZ may revisit 14200 for test and bounce higher. Not tomorrow, just in general.
Comment:
Today's (6-28-21) prop was to net the 50% level, that is most likely on its way.
Comment:
Banks up big in afterhours, potential flow to financials next few days.
All 4 Update, NAZ doing the best and closest to Target.
All 4 Update, NAZ doing the best and closest to Target.
Comment:
For those of you that were Shorting on the way up (14500 - 14520), your target should be 14450. There is a pivot at that level and NAZ may look to target it for a bounce. NAZ is at 14483, now.
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Got as low as 14470, did not hit 50. Bounced or lifted to 14510. Expected and is basically testing yesterday high. You should have covered or gone long and can reenter Short should the NAZ decline. 14580 is pivot High, not expecting things to go that way, but you never know and should be ready.
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Hard to see and I could be way off, NAZ could be targeting 14450 20 levels. 70 to 13 to target, Launching Zone (LZ). Lets see how it plays out.
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Short under 14535
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14519 is key, above and stays above cover short and go Long.
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14470 is your 1st short target.
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We are due some mid day NAZ weakness, watch the stalling. Usually deadly for the NAZ. Fade any rallies until you see conviction in PA.
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Got to 77 and bounced. Renter on stalling. Best way to get points today as their is likely to be a big move down as opposed to up.
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Next short target is 95
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Short target Hit at 95
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Bounced, NAZ still under 14535. Stay on Short side.
Trade closed manually:
Very High Neg Ticks, Stay on Short side. Stepping away for balance.
Comment:
Short under 35 and Long above. 35 will be tested in next day.