Wait, but I Thought..$QCOM $SHOP $HD

As expected, the market seesawed from red to green several times as the yield curve inverted. boy oh boy. The fear began to resurface as traders began to raise concerns about a recession in this unique situation that doesn't have that much history to draw upon.

What you care about

What happened to individual stocks was essentially business as usual. (QCOM) Qualcomm held its own as it roared back to highs of the day after going red for a while. We noticed weak volume, so, one needs to monitor it for increasing volume. On the other hand, our second pick from yesterday ($SHOP) Shopify remained in the red all day. This is typical after several days of gains, so there is no cause for alarm.

Home Depot (HD) America's barometer for the consumer economy as it pertains to Homeowners chugged right along as investors remained impressed with their outstanding earnings. This is enough to keep the stock firing higher.

Technically, the confirmation of bullishness occurred today; call it day 2.

Price action like this culminates in an impulsive move - stay tuned!

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