New/Updated Long & Short Focus Watchlist
Follow me @TheBon_Scott on Twitter, and please share this newsletter if you find my work valuable.
With the S&P 500 having declined 4% at this point, I’m still not convinced that this is anything more than just a normal 4%-7% pullback in a bull market. But, I will quickly change my view if the tape continues to deteriorate and the important market generals start to slide in a material way.
How the semiconductor/tech sectors react to earnings from semi company’s ASML Holdings (ASML), out on Wednesday morning, and Taiwan Semiconductor (TSM), out on Thursday morning, will shed a lot of light on the state of the market.
I’ll elaborate further, soon. As always, I’ll be posting frequent market commentary on WMI’s private Twitter (X) page.
On to a new/updated long & short focus watchlist.
Focus Watchlist
I try to recommend trades that are timely and that a breakout/breakdown is likely to occur soon. If I take a stock or ETF off the focus watchlist, it may be because the trade needs more time to ripen, it ran away from us, or I’m no longer considering it at all.
Longs:
Keep reading with a 7-day free trial
Subscribe to Wade's Market Insights to keep reading this post and get 7 days of free access to the full post archives.