04Aug3:09 pmEST
Gyroscope Market
In front of PCLN earnings tomorrow morning, as well as TSLA's later in the day, the market is continuing to whipsaw with wild intraday swings, not yielding much overall progress.
In addition, big bad Disney is still pushing the limits of its multi-year uptrend, pictured below. The tis to shorts, though, is that The House of Mouse staging a blow-off higher before it corrects. Similar comments apply to Skechers and its own very steep trend, though SKX has a higher risk of a buyout, of course.
Apart from looking for the Euro/Dollar cross to eventually move below parity, I am largely avoiding the fray today. See you after the bell for my recap, and the full-length version for Members, as we make sense of this gyroscope market.
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