6/28/23 Happy Birthday


Markets reversed course on Tuesday, taking back all of Monday’s losses and then some.

All four major indexes ended the session solidly in the green…

  • Dow Jones +0.6%
  • Nasdaq +1.7% 
  • S&P 500 +1.2%
  • Russell 2000 +1.5% 

A slew of minor economic reports went in favor of the bulls.

Image by Grammarly

Sector Round Up

And as a result, the bulls dominated the session.

10 of 11 sectors ended Tuesday higher.

At the top, the risk-on sectors…

  • Consumer Discretionary (XLY) +2.2%
  • Technology (XLK) +2.0%
  • Communications (XLC) +1.7%

The lone loser…

  • Healthcare (XLV) -0.2%


For chart junkies, yesterday’s move hardly came as a surprise.

Have a look for yourself…

SPY Daily Candles – Chart by thinkorswim

The market appears to be turning exactly where one would expect. 

When support holds, that’s bullish.

Your latest readout…


It’s been 69 days since 4/20 … And that means it’s Elon Musk’s Birthday.

The world’s richest man turns 52 years old today.

We remain long Tesla (^TSLA).


^Open Position

GASS support at $3.80
TALS support at $3
ORIC on watch
^CIFR resistance at $3
CLBT support at $6.50
SWBI support at $12.50
ONCY support at $2.25
HEPS support at $1.60
EOSE on watch
BTBT support at $4, resistance at $4.50
PDCO support at $31
MRNS support at $10

Secondary watchlist—float 100+ million

RDFN support at $11
MARA support at $12
ENVX support at $16
support at $4.50, resistance at $5
ABCM on watch
OPEN support at $3

Leave a Comment

Your email address will not be published. Required fields are marked *