Follow-Through Trades: Housing Drags, Tech Brags

The Follow-Through Intro

The biggest follow-through trades from “Key Stock Sectors Missed A Breakout In Market Breadth – Above the 40” (June 11, 2021) erupted in the housing-related plays. Big cap tech looks more ready than ever to reestablish its leadership position over the market. The stock market had an initial negative reaction to the Federal Reserve’s latest missives on monetary policy. However, I expect the true Fed follow-through to reveal itself only after another day or two of trading.

follow-through trades logo

Stocks and Indices Covered

  • S&P 500 (SPY)
  • Nasdaq (COMPQX)
  • iShares Trust Russell 2000 Index ETF (IWM)
  • volatility index (VIX)
  • Alphabet (GOOG)
  • Brinker International (EAT)
  • Caterpillar Inc (CAT)
  • Coupa Software Incorporated (COUP)
  • Citigroup (C)
  • Deere & Company (DE)
  • Financial Select Sector SPDR Fund (XLF)
  • Hovnanian Enterprises Inc. (HOV)
  • iShares 20+ Year Treasury Bond ETF (TLT)
  • iShares Trust Russell 2000 Index ETF (IWM)
  • JP Morgan Chase & Co. (JPM)
  • LGI Homes (LGIH)
  • Meritage Homes Corporation (MTH)
  • Red Robin Gourmet (RRGB)
  • Redfin (RDFN)
  • S&P 500 (SPY)
  • Sally Beauty Holdings (SBH)
  • Stanley Black & Decker (SWK)
  • The Wendy’s Company (WEN)
  • Vulcan Materials (VMC)
  • Whirlpool Corporation (WHR)

Video Transcript (As-Is from YouTube)

Click here to download a text file with the transcript from “Follow-Through Trades: Housing Drags, Tech Brags“. Note that YouTube offers straight text and does little punctuation. The text also does not include paragraphs. I am looking for better solutions for those who prefer to consume video content via text. Viewers can access close captioning on the video by clicking on the “CC” in the lower right corner of the video controls.

Be careful out there!

Full disclosure: long UVXY calls, long SPY puts, long CAT calls, long DE put spread, long RDFN put spread, long MTH, long IWM calls, long COUP

FOLLOW Dr. Duru’s commentary on financial markets via email, StockTwits, Twitter, and even Instagram!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.