• Friday was a solid day, lots of strength especially in the energy, quantum computing and recently construction/industrial names
• A bit concerning is that breadth is very high already which tends to be followed by corrections, but we've been in a correction in small caps for almost a month now
• Good sign to see small caps outperforming large caps on Friday
• Gold and TLT are selling off, so that also confirms risk on mode
• Plus the strength in construction and retail names and the weakness in healthcare names are also pointing towards a risk on mode environment
• Will risk 0.5-0.75% of my account over the next weeks
• A bit concerning is that breadth is very high already which tends to be followed by corrections, but we've been in a correction in small caps for almost a month now
• Good sign to see small caps outperforming large caps on Friday
• Gold and TLT are selling off, so that also confirms risk on mode
• Plus the strength in construction and retail names and the weakness in healthcare names are also pointing towards a risk on mode environment
• Will risk 0.5-0.75% of my account over the next weeks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.