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Daily Note

Bad Breadth But “The Nasdaq Is Up”

Jul 9, 2020

Thomas Thornton

  • CNBC is talking about the "Nasdaq is up" but underneath breadth is deteriorating
  • No one is short.  This run-up in the Nasdaq momentum names is chasing and that's dangerous 
  • Commodities update - Gold, Silver, Copper toppy while Corn, Wheat, and Coffee are working well as longs
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