June 13, 2022

Good morning.  Two updates; PINS stop adjusted to $18.00 and CVE to $22 here.

 

We enter the new week flushed with data and news along with rising fear.  If you recall a few weeks back we mentioned we thought the S&P needed one more flush.  We had a retest of 415 and broke lower.  Now we are working the range and this is where lines should be drawn.  Stay patient here early on; they want to suck as many people as possible to one side of the trade before turning it once again.  We have opportunities generating for both sides, short and long, and will be releasing this week as they trigger.  Remember what we've been stating for the last several weeks; we truly believe this summer we will see a new rotation and massive opportunity.  Just stay patient and be nimble.  Be ready today and let's have a great week.