Comments on: Weekly Market Wrap 6-5-26

By: PaleFlame

PaleFlame — Mon, 08 Jun 2026 15:26:21 +0000

In reply to Mikeflegel. Hope you took some short profit, wouldn’t be surprised to see new highs real soon

By: rsotc

rsotc — Mon, 08 Jun 2026 13:50:59 +0000

In reply to Mikeflegel. As I stated in Friday's video(s), I did go home with swing shorts on the Q's but not an aggressive/all-in positioning due to the extra 2 days of overnight risk, several of the top dozen or so holdings in QQQ closing at or very near decent support (some with positive divergences), and the financials (XLF) still holding above that key 51ish support level that needs to be taken out to increase the odds of the next big leg down in the stock market. No this bounce today (Monday am) is a gift, IMO, to initiate or add to an existing short on the Q's, as would be any push up to (but not above) these shorting zones (5-min chart of QQQ)

By: Mikeflegel

Mikeflegel — Mon, 08 Jun 2026 13:12:27 +0000

In reply to Mikeflegel. Morning Randy, Are you buying the dead cat bounce??

By: Mikeflegel

Mikeflegel — Sat, 06 Jun 2026 22:23:21 +0000

How much DEAD CAT? Hope not much, stayed short. Still could engage a bit more if there is.

By: Imadaytr8r

Imadaytr8r — Sat, 06 Jun 2026 22:17:25 +0000

Thank you very much Randy for your analysis. Very much appreciated. I suppose the only real fly in the ointment at this point would be a sudden and favorable end to all the uncertainty surrounding the Iranian situation. If oil were to drop dramatically and peace broke out across the planet then I suppose that would snuff out any correction for a while and spark another super boom … we’ll see.