6/28 Keeping Bullish
Trade idea on DECK
Keeping Bullish
We are ending the month on a simple note and keeping bullish. The S&P 500 continues to tighten inside of a consolidation range, the Russell 2000 hit target, and the risk-on barometer ARKK continues to operate inside of a noisy consolidation range.
The market is bullish until proven guilty, and while there have been multiple opportunities throughout June for an alarm to trigger, positive breadth has consistently kept the alarm at bay.
This end of month note includes a trade idea for DECK.
Risk Off Criteria: 1 of 3 Active
The core risk off analysis ended last week reading 2 of 3 active criteria. Positive breadth as it has throughout all of June has kept the risk-off alarm on the sidelines.