Happy Sunday… or is it?

There are a lot of eyes nervously waiting for the futures market to open.  If that’s you, think about your positions – you might be overly leveraged or exposed. You won’t make smart investment decisions if more of your time is spent stressing than planning.

Last week finished poorly and it’s very possible that the downside will continue.  I’m anticipating more of a sideways chop than a measured sell-off over the next few days with Friday being the real market shaker.  These are NOT pretty charts:

Michigan Consumer Sentiment

source: tradingeconomics.com

CPI month/month

source: tradingeconomics.com

I’m still heavily in cash and will likely remain that way for at least another week.  However, I do want to start building some starter positions in overly sold, quality tech stocks – I’m just not sure when I’ll pull the trigger.

Latest trades:

Webull: Added WYNN. Sold SARK (good gains), added Solana

eTrade Brokerage: Added ORLY, more TGT, AMAT

M1Finance: Added more funds distributed by weight across positions

eTrade IRA: Added IRM.