This Week in Episodic Pivots: June 25, 2023

Stay calm in the choppy markets - holiday shortened weeks tend not to trend

As expected, last week’s holiday shortened week was a bit of a snoozer. The market just drifted slightly lower all week.

I would expect another quiet week ahead of us. Once again, other than the first quarter GDP number release, there are no major economic events to move the market. And with the fourth of July shortening next week, many of the big money movers are taking it easy at the Hamptons this week.

So we’re going to just continue holding our positions. And we have nothing new to add at this moment.

But we are going to adjust some stop losses to protect our profits. For the following stocks, adjust the stop loss to the 50-day moving average.  

Kratos ( KTOS 0.00%↑ )

Medspace ( MEDP 0.00%↑ )

American Axle & Manufacturing ( AXL 0.00%↑ )

Accel Entertainment ( ACEL 0.00%↑ )

Unity Software ( U 0.00%↑ )

We don’t need any fancy words or analysis for this. Just keep riding the wave higher. There’s no reason to believe the trends in the market have changed just because we were down for one week.

Continue holding onto our positions and respect our tightened stops. Cut any positions ruthlessly. We don’t know what the market is going to bring for us this summer.

And for all your other trading – remember that holiday shortened weeks tend to trade choppy, but not likely to move far in either direction.

And that’s all for this week.

Happy Investing!