7/5/23 Welcome to The Second Half of 2023


On Monday, markets welcomed July and the second half of 2023 on a positive note.

From Getty Images

The major indexes ended Monday’s shortened with modest gains…

  • Dow Jones +0.0%
  • Nasdaq +0.2% 
  • S&P 500 +0.1%
  • Russell 2000 +0.4% 

Sector Round Up

Most of the sectors follow suit. 9 of 11 sectors ended Monday in the green…

At the top…

  • Consumer Discretionary (XLY) +1.2%
  • Real Estate (XLRE) +0.8%
  • Consumer Staples (XLP) +0.8%

The losers…

  • Technology (XLK) -0.2%
  • Healthcare (XLV) -0.8%


Looking back at the first half of the year, it’s clear the bulls are in charge…

SPY Daily Candles – Chart by thinkorswim

Last week’s bounce off a long-term support level indicated the gains may not be over.

However, we are seeing signs that a cool-down is near.

Here’s your latest readout…


There are just three trading days left in the first week of July.

July marks the first month of Q3 and the first month of the second half of the year. Historically July is the best month of Q3.

We remain bullish, and while we are not looking to establish many new positions right now, we aren’t selling.


*Low Float
^Open Position

*NREV support at $8
*RMTI support at $5
GASS support at $4.20
TALS support at $3
^CIFR support at $3
CLBT support at $7
^OSTK on watch
ACMR support at $14
IREN support at $5
ONCY support at $3
MRNS support at $10, resistance at $11
WULF support at $1.80

Secondary watchlist—float 100+ million

RDFN support at $12
MARA on watch
CLSK resistance ta $5
ATOS support at $1
ENVX support at $16
TMC support at $1.60
GOL support at $5
^IONQ support at $12
ABCM support at $24
OPK support at $2
OPEN support at $4

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