DailyPlay – Closing Trade (CRM) – May 17, 2024
Investment Rationale Markets have continued to provide a...
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DailyPlay Positions Outlook:
Equities remain elevated but signs of risk aversion are seeping in with the US Doller Index (DXY) gaining momentum as investors start to worry about the Delta variant impacting the ongoing recovery. The expectation for equities is that the next few months may be bumpy which comes after the S&P 500 gained 20% YTD. We see outperformance in the Nasdaq 100 as rotation into Tech provides a defense against a slowdown in other sectors. We take this opportunity to take profits on HON which surpassed our TP level and mitigate minor losses on MOS in accordance with closing our trades near 21 days to expiration.
Investment Rationale Markets have continued to provide a...
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