Trades For An Awakening Bear

Posted by Joe Duffy | Aug 6, 2025 | Joe Duffy's Trading Advantage | 0 |

I discussed on the weekend that while the market would probably bounce up to start the week, last week’s low probably still needed to be taken out. Monday saw a really good rally in the averages (though not as many leading stocks joined that rally, notably Apple and Amazon). Tuesday looked to me like a confirmation day for a short term top and at least modestly lower prices ahead — taking out last week’s low.

A poster child for short sale Tuesday was UBER. It made a very marginal new high on the attached 30 minute chart. It found nothing but sellers, and those sellers drove it hard into the close. Expect lower prices here. If not, my thesis may be wrong overall.

Apple made a double inside day. That means Monday the entire range inside of Friday, and Tuesday entire range inside of Monday. I think it wants to move lower out of this pattern.

Thanks,

Joe

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Joe Duffy

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