Consolidation Day

Dow: -96.95…
Nasdaq: -7.21… S&P: -3.97…

The S&P 500 eked out an intraday record high on Tuesday, but it closed lower by 0.1% in slow trading. The Nasdaq (-0.1%), Dow (-0.3%), and Russell 2000 (-0.3%) accompanied the SPX in negative territory with small declines. 

I spent most of the day mopping up blood because of EBON, but for the most part, the market digested some new highs and the Nasdaq eased up from its recent rally. I overserved myself on that one. Lesson learned.

Bitcoin and some crypto names like MARA and RIOT pulled back.

I plan on adding three or four more names by the end of the week. Some could be from last night’s watchlist. I should have been all over GBOX from last night but I was sidetracked. Hoped you may have grabbed a little. I’ll be looking for a pullback on that one. Very strong chart.

See you in the morning.


Previous Post
Nasdaq Coming Back
Next Post
Frustrating Churn, Crypto Lower

Recent Articles