Market Update June 26th

Good Morning,

Today we have the various Russell indexes being rebalanced/reconstituted, which will make for some wild action today. Like last week when we had the S&P rebalance, this will be a very heavy volume day with a lot of wild moves late in the afternoon. With most of this action happening late in the day heading into a weekend, I will not be looking to add any new swing positions today and will focus on day trades in the morning off of our GnR list. Also like last Friday, we will be shutting down the screen share at 3 PM as there is really no purpose in trying to trade through the rebalancing action. We will have a fresh new watch list over the weekend with lots of great setups heading into next week.

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