- VIX “Gray Swan” is over along with the correction in the S&P. VIX goes back to the mid to low teen’s in the short term.
- Big Technology in an outstanding position breaking out relatively to a new high against the S&P.
- Bullish Reversals at key support; oversold conditions and powerful relative strength; offers a compelling setup.
- Macro backdrop across currencies, credit, commodities and global equities strong and intact.
- Credit spreads “fail” into resistance and poised to resume tightening. Bullish.
- Sell Dollar rallies, buy Euro and EM/Commodity currency weakness (Real, Rand, Loonie, Won).
- Gold has failed to seize upon Dollar weakness, Crypto weakness, Flash Crash and Vol surge. Bearish.
- Overnight action in Hang Seng and KOSPI a disappointment, but they have earned the benefit of the doubt.
- Buy Brent at key support. Buy WTI too, but spread widens from here after coming in.
- If you missed the battle, do not miss the war. There is upside to 2,800 in days and new highs in weeks.
- Buy: AAPL, FB, MSFT, NVDA, ADBE, AMZN, BABA, BA, CAT, ROK, LMT, GS, BAC, MS, HD, DWDP, UNH, V, CVX.
- Read more: Stock picks featured in this investment newsletter for the last five years averaged an annual return of 85.4% »
