SPY UPDATE
The SPY is now up a buck from the buy yesterday and I have taken some off at the initial resistance point of 130.15. I do not expect the second level of SPY resistance at 131 to get touched today.
The major tell of the day was the market internals +2,800 not breaking down as the indexes dipped in the early going.
All the sectors that I monitor are green with the Brokers, Reits, Small Caps, Metals and Semis leading the way. The laggards are the Oils, Consumers and Homies.
Not sure why the REITS are doing so well. Just makes me wonder if the fed is done.
The major tell of the day was the market internals +2,800 not breaking down as the indexes dipped in the early going.
All the sectors that I monitor are green with the Brokers, Reits, Small Caps, Metals and Semis leading the way. The laggards are the Oils, Consumers and Homies.
Not sure why the REITS are doing so well. Just makes me wonder if the fed is done.
posted by DAVID at
11:45 AM
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