Aspen Aerogels, Inc.Updated Market Update - 6/15/2024
This week I do a deeper dive into all the things I look at, outside of the regular trades.
Summary:
• overview of my strategy, experience, style
• large cap tech is driving all the performance, seems quite overbought (
QQQ, 
SPY)
• market breadth keeps worsening (
MMOH, 
IWM)
• interest rates (US10Y) have dropped, which in my opinion reflects more of weak economic outlook and weak equity returns, rather than a strong fuel for a potential market rally
• currently I'm only 35% invested, 5 positions
• down 3.5% since last week
• however, combined performance with my passive account is slightly up (long position inTLT and a long put on QQQ since Friday)
• lots of failed breakouts, reversals in the last few weeks in my watchlist and portfolio
• limited opportunities, only a few interesting setups:
AIRG
IPW
FOSLL
BRCC
ASPN
• will remain cautious and only add 0.1-0.2% risk positions, and only up to 50% invested
Summary:
• overview of my strategy, experience, style
• large cap tech is driving all the performance, seems quite overbought (
QQQ, SPY)• market breadth keeps worsening (
MMOH, IWM)• interest rates (
US10Y) have dropped, which in my opinion reflects more of weak economic outlook and weak equity returns, rather than a strong fuel for a potential market rally• currently I'm only 35% invested, 5 positions
• down 3.5% since last week
• however, combined performance with my passive account is slightly up (long position in
TLT and a long put on QQQ since Friday)• lots of failed breakouts, reversals in the last few weeks in my watchlist and portfolio
• limited opportunities, only a few interesting setups:
AIRGIPWFOSLLBRCCASPN• will remain cautious and only add 0.1-0.2% risk positions, and only up to 50% invested
Note
Correction at 19:30 - fed funds rate at 5.25-5.5
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.