05Jun3:43 pmEST
Bears Lost These to the Summer Wind
Today's trading sessions certainly seems to be sponsored by the summer, what with the drifting, unfocused price action at-large.
However, the fact remains that monster winners like SQ PYPL are tipping their hands as to just how strong they truly are, even if they are too extended to chase right here, right now. Beyond that, leaders like TSLA continue to surely frustrate bears with a seemingly perpetual underlying bid.
Overall, it is tough to turn too bearish, too soon, despite the ominous June seasonality.
As far as some laggards which could be potentially bottoming here, Pandora and Under Armour are acting a tad better of late. I am interested to see whether bears may have overstayed their welcome in these two names this summer (among a few others we have been updating for Members regularly).
See you after the bell for my recap.