Daily Note

Another Quiet Day With Some Interesting charts

May 26, 2021

Thomas Thornton

  • Some interesting charts on today’s note to look at including:
  • Wednesday sentiment overview
  • Some signs of inflation cooling
  • Internals that are divergent from price action
  • The Real Estate sector back to pre-Covid levels yet business is hardly back to those levels – adding IYR as a new short idea
  • Bonds are bid with rates continue to drip lower
  • The potential first sign of the US Dollar starting to rise
  • Some caution with gold and the miners – adding some put spreads and put with the miners
  • I will be off the desk for the rest of the day as I have to take care of a friend as explained on the note
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