Quad Witch Week
Happy Father's Day Weekend!
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Last Week: 2nd Challenge Account Started Tuesday June 11th.
Tough start to the $1k challenge. The balance ended at $650 close Friday.
If only I would have went all in and sold the next day for +150% instead of doing $300 position and not closing for +150%. Hah!
Relevant Topics, News, and Data:
Quad Witch Friday
GME shareholder meeting Monday
Retail Sales Tuesday
VIX expo Tuesday (due to Juneteenth)
Wednesday Market is Closed
MARA announcement Thursday
Philly Fed manuf. Thursday
We should see some rotation starting anytime between now and the end of the week into IWM (Russell 2000.) There was a lot of Put Spreads sold on IWM Friday.
Core Retail sales projected to come in flat MoM, but Retail Sales to come in .3% versus 0.0% prior. This and the fact that rates have came back down to the recent lows might fuel a rotation to IWM.
Quad Witch Week, VIX expo, and Wednesday being closed which means another weird week with price action similar to last week’s FOMC and CPI/PPI.