As anticipated, last week’s market activity was choppy and finished on a low note.  It’s never encouraging to finish a Friday on the low-of-the-day.  This choppiness forced me out of almost all of my short term positions (I keep stops on all short term trades very tight).  The good news is that even though the market was all over the place, I only finish down $38 🙂

Weekly Performance

Stocks on Watch

MRO – Oil stocks strengthened after last week’s announcement from OPEC that they won’t raise output as much as anticipated. With this, there might be a few opportunities this week to grab some momentum oil trades.

MRO Daily

AKS

AKS Daily

Utilities back on Watch:

PPL EIX DUK 

Others on Watch:

a few on my monday scan radar:$WTTR $ZEN $ETFC $BSX $AKS $DBX $SPLK $MRO

— Ryan 🦏 (@ryanmathews) June 24, 2018

My biggest concern this week will be the consumer economic data. I still support the theory that we’re near a consumer top.  If these numbers slide, then what will the catalyst be to drive the market up?