This Briefing, including any position ideas, is for illustrative and educational purposes only.
This will be an express briefing tonight
With a FED raise apparently 85%+ priced in — both bonds and semis will search for reaction lows on the news
SMH — 520 infection zone
AVGO — stopped out per plan, potential re-entry if SMH hits ~520
HD
More weakness today on rates / oil
Prior target low ~300 reaction zone in play
Execution Plan — Hold firm
HD Daily:
INCUBATION
TSLA | COST (post ER) | NUGT
System Insight
We continue to see major underlying market resilience given max headwind headlines. Of course resilience can fail quickly. Should see significant opportunities in hours ahead.