Just for fun, as he requests (forward to like minded traders) here are Tuck's thoughts for next week posted as Orderflow on Telegraph.
Orderflow, [13.06.21 07:19]
Good Morning
folks:
Sharing a summary of weekly strategy for S&P500:
1. ES closed at 4236 on Friday after barely changing for the week. This is normal action for S&P500 in these months and I do not see a meaningful break away from this pattern until mid August, unless we see a major dislocation (technical or news based) in markets.
2. Besides the structure, S&P500 is supported by a quite strong $NQ_F $QQQ and a stronger $TLT. I see tech stocks want to trade higher here (now 13985).
3. So with this background, if volatility stays lull, we have 2 options : A) go with a break out of 4250, targets 4275-4285. B) look to buy dips into 4196-4200 handles.
4. A D1 close above or below 4250/4196 will lead to volatility expansion this week (now 4236). Otherwise, expect more of the same.
5. Last 4-5 weeks, a better strategy than SPX has been to actually play individual stock names like $CLOV $AMC $FUBO $DOCU which have been a blessing with large 20-100% moves or more. This may be the play thru August. These tickets will be shared in my Telegram channel so make sure you subscribe.
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