S&P 500 NEXT WEEK EXPECTED MOVE ($41)

Technicals: Bullish
Sentiment: Bullish
Fundamentals: Bearish
Macro: Bearish
Breadth: Slight-Bearish
Correlations & Ratios: Divergence

4-Day week, I expect it to be a relatively quiet week.

Hideous risks continue to linger in the market:
- Market cresting into new all-time highs
- Fed announced it's tapering the Repo operations
- Federal Trade Commission spoke about a probe of the acquisitions of the big tech companies
- The yield curve has just inverted again
- Germany has completely stalled out | Eurozone is ugly
- Coronavirus is still evolving | China on lockdown | Going to get worse before it gets better

Sell List: LVS, MGM, CCL, RCL, LUV, GM, RL, PHM, AEM, UAA, UTX, WDC, AZPN, B, NXST, PPL, EEFT, BMY, STT, IAC, MGRC, MTN, NSSC, PRO, SNN, SSD, SWK, TER, TSM, LPSN, MLM, AUDC, BANF, BOOM, STX, ELY
Buy List: CSIQ, UGI, XOM, UNG, AOS, NJR, AYI, CAG, CMD, FIZZ, HCSG, LEG, MO, MSM, NJR, PRA, CVGW, HSIC, AGN, WBA, GD, MOH, OLN, NUE, SJI, TARO, SXT

Best,
- RH


BALTIC DRY INDEX:
tradingeconomics.com/commodity/baltic

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