The Follow-Through: Churning
While the S&P 500 (SPY) cruised higher all week, much of the rest of the market resigned to churning. The dichotomy of a market rebound versus the wounds left to heal continued to play out. Many of the follow-through trades for this week churned with the rest of the stock market.
See below for the video covering the follow-through trades to A Strong Market Rebound that Failed to Heal All Wounds – Above the 40 (June 25, 2021).
Stocks and Indices Covered
- S&P 500 (SPY)
- Nasdaq (COMPQX)
- iShares Trust Russell 2000 Index ETF (IWM)
- volatility index (VIX)
- Allegheny Technologies Incorporated (ATI)
- Australian dollar vesus Japanese yen (AUD/JPY)
- Boise Cascade L.L.C. (BCC)
- Carmax (KMX)
- Caterpillar Inc (CAT)
- Celsius Holdings (CELH)
- Corning Incorporated (GLW)
- Etsy (ETSY)
- Financial Select Sector SPDR Fund (XLF)
- Granite Construction (GVA)
- KB Home (KBH)
- Lennar (LEN)
- Logitech Intl SA (LOGI)
- Lululemon Athletica (LULU)
- Match Group Inc (MTCH)
- Nike (NKE)
- Sally Beauty Holdings (SBH)
- Tesla (TSLA)
- Teucrium Corn (CORN)
- Twitter (TWTR)
- Uber (UBER)
Be careful out there!
Full disclosure: short AUD/JPY, long CAT puts, long CELH, long LEN call spread, long SBH
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