Navigating Pawleys

"Travel is fatal to prejudice, bigotry, and narrow-mindedness.” - Mark Twain

I wrapped April at the Daily Dirtnap Conference, and while I was away from the desk, the market settled down and put in a strong close. The S&P held important levels and bounced well into month-end.

Market Dynamics;

• S&P finished April strong after defending support.
• Nasdaq held up better than expected despite macro pressure.
• Cannabis stocks ripped — not a favorite group, but the move was real.
• Software, internet, and cyber names bounced hard off the lows.
• Oil, energy, and materials sold off and showed relative weakness.

Thoughts;

Just looking for clean setups and good risk/reward.

View Matrix Moves;

· Trimmed a couple spots.
· Current P&L in the View Matrix? +68.2%.