Today’s index action was more of what we saw this week given it’s end of month and window-dressing is in full swing. The opening moves on S&P500 and Nasdaq were pretty nasty given the overnight push higher but welcomed for shorts on a few names, most notably NVDA. A lot of names I’ve been tracking for inflation-themed trades into Q2 triggered for me today and Q2 should be off on the right path.
BRAG 0.00%↑ is exploring a sale - good news and a good move in the name today.
SNX 0.00%↑ announced a $2B share buyback and it checks a few other boxes for me, will be writing this up in Sunday’s report and likely getting long in Q2.
SWX 0.00%↑ triggered me into a partial long today. Noted in the report on Sunday. This will be a big theme for me in Q2.
Data all day tomorrow starting at 8:30am EST starting with GDP and Unemployment claims followed by Chicago PMI at 9:45am EST.
No convicted thoughts on the data and my overall expectation is for window-dressing to occur tomorrow regardless of the data.
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