Jun. 13 at 2:07 PM
I certainly didn’t have Israel launching an attack on Iran and risking a major conflict on my bingo card. Neither did the markets. Certainly seems like Friday the Thirteenth, doesn’t it?
I’ve sold both
$PTLE and
$CYCC, as they now seem headed back down to form double bottoms.
$XTIA is down further than I thought it would go, but I’ll wait for it to find a higher low in its uptrend.
I’m keeping
$NIVF and
$YHC as they are already at double bottoms this morning and seem to be holding there.
While I will be studying the effects of past Middle East conflicts on American markets, I’m not planning to buy anything new today, or even look much for it. Oil will likely overreact, as will Aerospace — unless things get bad in the Middle East, which given a weekend, seems almost an invitation to do so.
My hope is that it will all blow over, or at least shift to diplomacy, allowing the uptrends we’ve been invested in, or looking to invest in, to continue or resume.
Have a nice weekend.
