I’m noticing a handful of the stocks in my “Recent” watch list are showing signs of life, such as electric car maker Rivian. One I wanted to mention specifically is Oatly which makes, of all things, oat-based milk. This stock has been a dog practically since Day One of its IPO, but it has recently formed a higher low and has also broken above its lifetime downtrend. Anecdotally, I can tell you that as a multiple-day-each-week shopper at various Whole Foods, I’ve never seen anyone buy a Beyond Meat (BYND) product in my life, but as for Oatly products, they can hardly ever keep it in stock.

It may not seem like it, but the market basically stopped falling way back June 16th. Since this, it’s been a grind-it-out, can’t-make-up-its-mind,, ghastly bore. I am highly confident that the quartet of monster economic reports coming out over the coming week, as well as the looming earnings season, will snap it out of its funk. I also wanted to point out, by way of the “percentage of stocks above their 15-day moving average” chart, that the over-sold nature of the market is a thing of the past.

The first half hour of trading today was madcap for me. I trimmed from 30 down to 19 positions and am now at an awkward 40% cash again. More interesting, in my personal account, I took on a HUGE long position in LABU yesterday and got out – – in a true rarity – – at almost precisely today’s top when it sealed that gap up. Huzzah! Anyway, that account is again at 100% cash now.