“Maybe we’re born lost,born to persevere” Gordon Downie, The Tragically Hip
More strong action from select stocks with others mostly holding up well.
Oil showed strength today so their respective stocks did as well while precious metals miners also showed a nice quick spike low and seem to be moving higher already.
All in all, we remain on track to finish out August strong before seeing a deeper correction into late October and then we can get serious again on the long side, if it all goes to plan.
I’m away this weekend so there will be no letter until Tuesday again most likely.
A solid day for SPDR S&P 500 (NYSE:SPY) after bouncing off the 21 day average well.
Looks like we continue higher from here.
I’ve still got a 10% weighting from 202 from the Brexit spike low.
217.50 on a closing basis remains the area I’m eying for a stop for now.