Market Recap 27 June

I don’t day trade, I follow intermediate trends

Shorts took a beating, in the SP500 75% of stocks closed up

90% of banks stocks I follow closed up today

I’m short COF, almost covering today. The group reversed position today, I’ll sleep on covering. COF ended marginally low.

88% of my software group closed up today, the group percentages still a little bit pointing to a down move, I guess we’ll have to wait for tomorrow action

My small airlines group saw 90% of stocks closing up today

Market Recap June 26/19

SP500 stocks with increasing volatility: 67%

Percentages crossed yesterday

Not necessarily the trend will continue, for now shorts are preferred

Software group pointing to an increasing volatility

Airlines stocks had been increasing volatility since June 20

Machinery group percentages of high/low volatility still point to the long side