Bro, don’t try to short $SNDK right now. There’s a reason I’m staying away from the short side.
We’ve just seen a clean breakout, and $SNDK could still be looking for a liquidity sweep above $1,988, followed by a potential move above $2,000 as you can see in the chart.
If that liquidity is taken and the move starts losing momentum, that’s where I’d be more interested in looking for a potential reversal.
As I mentioned before, some stocks are now trading with behavior that looks increasingly ...
🇺🇸 Foreign holdings of US Treasuries fell to $9.299 trillion in June from $9.371 trillion in May. Japan, the largest non-US holder, cut its position 2.3% to $1.116 trillion, well below the November 2021 peak of $1.325 trillion.
Three months of net selling, $56 billion, against twelve months of net buying, $205 billion. The 60-day US-Iran truce expires unresolved and corporate issuance stays heavy. Both point the same direction: heavier issuance meeting thinner foreign demand, with yields the ...