The following post was originally issued to members of The Lyons Share in the afternoon of June 25, 2018.
This is just a quick post to note that we are adding long exposure into this “dip” today. Specifically, the following key support levels in some names that we’ve been watching are being tested at the moment:
S&P 500: 2700
Dow Jones Industrial Average: 24,100
Nasdaq 100: 7050, 6900
XBI: 96.25, 93
XLK: 69.70, 68.00
FDN: 136, 133
HGX: Housing Index: 295
Stay tuned to the Daily Strategy Sessions for further amplification on these potential long trades as they develop. If you have any questions, let us know.
Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. The conclusions based on the study in this letter may or may not be consistent with JLFMI’s actual investment posture at any given time. Additionally, the commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.
Graphic from AgNetWest.com