11/2/22

After the Feds announcement of a 75 basis point increase, the markets reacted negatively putting in a substantially lower close and breaking the near-term uptrend; the trend is now considered down.  Several FANG stocks put in 52-week lows today, breaking the lows put in over the summer.  We are not trading the assets making new lows, instead focusing our attention on the securities that have held above their June troughs.

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