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Daily Note

Shots And Chasers

Jul 21, 2020

Thomas Thornton

  • Yesterday's action in mega tech could be possible how a top is made
  • Parabolic narrow advance on no news and today they are backing off
  • The USD continues to drop which I've expected and it's getting late in the Countdown
  • Silver and Gold continue to rally however bullish sentiment is massively extreme and if you're buying because of the weak USD you might want to reconsider
  • Tom DeMark has a new story in Bloomberg that just hit as he's thinking the S&P can go up to near 3,500
  • I'm adding some long exposure with Energy
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