So far, July has not been very bullish. We have been stuck in a range for over a month and the market has not decided which direction to go.
The NHNL is neutral and the Capitalized NHNL is bullish. The AI trade continues to unwind a bit.
The rolling 52-week NHNL has moved into a more neutral area as well.
Moving at the end of the week, so I have not had much time to follow the market. Some sense of household normalcy should return by the end of July. Still have a couple long trades, with mixed results. This still looks like consolidation and the uptrend should be respected.
