Trading the Charts for Tuesday, June 6th

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Good morning and Happy Tuesday,

Pre-market futures are flat, yields down (slightly), 76% chance of no rate hike at 6/14 FOMC meeting and we still have a few more earnings reports this week. I’m furious that I got stopped out of GTLB last week which is up 28% pre-market after earnings last night :(

SPX closed down -0.2% yesterday, unable to take our Friday’s high but still firmly above 4200.

RSP rejected yesterday at the 200d ema, if I cover my ARKK short today I might start a short in RSP unless it also reclaims the 200d ema

QQQ getting closer to filling that gap from last summer up to 360

IWM with a nice bounce off the lows yesterday morning after gapping down below the 200d ema, I regret not getting short at the open but I might today and would cover the short if/when IWM reclaims 200d ema.

I still have a 15% short position in IWO (as a hedge), I’d probably cover it if IWO takes out 234.20, nice inside day yesterday, not sure which way it goes today.

ARKK got rejected at 200d ema on Friday but yesterday rebounded and closed right up against it, if ARKK takes out the 200d ema today I’ll start to cover my short

Below the paywall is my current trading portfolio and watchlist with charts, entry points, stop losses, etc. (PS: my investment portfolio is different and only available to my Stocktwits subscribers and my Substack deep dive subscribers)

Please note that I have changed the links/URLs for my webcasts as well as my portfolio spreadsheet — I have to do this at the beginning of every month so former subscribers no longer have access to the content that is exclusive for paid subscribers.