Tesla and Amazon are negative on the year

S2N spotlight

I am going mad trying to debug a trading system I am working on, and the day has run away from me. I am going away tomorrow until Sunday for some much-needed R&R, so this will be my last letter of the week. This is a really brief one.

Microsoft, $MSFT ( 0.85% ), made another all-time high yesterday.

In case you were interested, it is only the 8th of the year. Granted, we are only halfway.

What does stand out for me is the current gap between the current price and the 200-day moving average. This chart looks like it has done too much and needs to breathe.

S2N observations

Here is a chart sharing how the Magnificent 7 are doing this year. Tesla and Amazon are negative on the year. Jeff has a wedding to pay for; I hope he will be ok.

S2N screener alert

The Nasdaq 100 made a new ATH. There is no keeping this market down at the moment.

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