The market is back to its bullish ways as another typical push-and-pull round of tariff ridiculousness has cycled through the news channels.
We’re now back to crazy optimism!
At least for the next few hours or so.
Here’s SPY:
We’re back above the 30-week simple moving average and it looks like we might stay there.
And Greed is still prevalent:
And one of the stealthily-best stocks in the past decade is now moving toward a potentially big breakout.
Texas Roadhouse (TXRH) has more than doubled the market’s returns over the past decade and now it looks poised to make another run.
Here’s the chart:
The last breakout produced nice gains and a new breakout could do the same.
A move above $194.50 could lead to a nice run.
We’ll keep an eye on it.
Happy trading,
Scott
