A.M. Look 6/25/22

Yesterday Andrew posited the a lot of the selling we’ve seen has been for hedge Fund redemptions coming into qtr end.

“Selling the winners to pay for the losers”

When I wrote Tuesday I thought the Indices would trade similar to a year ago when they rallied through
the end of the second qtr into July before retesting.

The mid-week shuffle had me second guessing that theory.

My friend Mortimer likes to say that price action rules.

Nasd has gapped a gap.

Spoo gapped up.

Price will be run by the U.S. session Pit gaps.

Transports are strong with FEDEX trading just above its 200 DMA

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