Taking Profits (HSY, JNJ, KHC) – July 17th, 2020
DailyPlay Positions Outlook:
Markets are now in a narrow trading range between $317 and $323 as earnings season kicks into high gear. Muted reactions to major beats and major declines to misses skew risks to the downside. As market remain below a key $323 resistance level, we use this opportunity to reduce our exposure in HSY, JNJ and KHC.