Conversations with Jaguars – August 19 ($CRSP, $HZNP, $EVR, $TREX, $PINS)

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Equity volumes are drying up as earnings season comes to end. Bearish divergences are showing up with New Highs in NYSE falling well behind the S&P. Lastly, Sep/Oct months have weak seasonality. Perhaps a reason for markets to pause or correct by 5% to 10% before elections. Wouldn’t rule that out. Bullish technical picture on $CRSP which sets up for breakout. $HZNP and $EVR with new updates. $TREX is beneficiary of strong housing demand and rising lumber prices. Lastly, another bullish view on $PINS but use tight stops if we got into market correction.