Momentum and SMID names just had their worst month: Multiple momentum and SMID-cap traders are all saying the same thing: this was easily the worst month they've had. That's a rough contrast to the bull flag we flagged across momentum names a couple days back, so either that setup needs more time to play out or it's already failing. Not a reason to bail on positions, but not a green light to add size into weakness either.
Aggregated and distilled by Two Sentence Traders. Not financial advice.