The video in this report is only accessible to members

Question 1:

The video in this report is only accessible to members

Answer 1:

The video in this report is only accessible to members

I think its a healthy pullback in growth that could result in a very choppy range bound SPX through August into September that should take some of the heat out from under growth.  Ugly growth day with AAPL down 5% breaking below its 15 and 20 dma's for the first time since the March lows.  TSLA reversed after being up 5% along with other momentum names.  Even the golds were hit, notably the Juniors despite gold being up.

So it seemed like a momentum unwind today.   And you have to be impressed with value/cyclicals holding their own mostly.

Question 2:

The video in this report is only accessible to members

Answer 2:

The video in this report is only accessible to members
Yes, I think its a healthy pullback in growth that could result in a very choppy range bound SPX through August into September that should take some of the heat out from under growth.  I think that is very likely now with AAPL breaking its March-June uptrend and other growth stocks stalling. However, I think any investor with an investment horizon beyond 2 months needs to stay patient and look at this pauses/pullback as part of the normal ebb and flow of an emerging bull market.  It wouldn't be overly surprising to see traders book some profits on momentum stocks as back to school and election uncertainty increases particularly if more tech...

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