If you listened to our Midweek Update this week, there was a seasonality chart that Mayhem discussed. The discussion was simple, 20 years of data suggests that June is a period when volume is low and the market tends to chop sideways where the Nasdaq-100 is concerned.
Obviously, past is not always prologue but, it may be a good time to look at some companies that are still trading at overvalued levels and where we could potentially short them when the market rallies and close when the market is down.
While I have conviction in certain names to buy and hold or short and hold, but this market has been very unpredictable. So, shorter term trades could be more suitable - think a few days to a couple of weeks.