TALL GREEN BARS
Watching the markets this morning I see tall green bars and high ticks. Why? My guess is the falling rate on the ten year bond and the home run earnings from Goldman Sachs. As I type, the rate is down to 4.72% and the homebuilder sector is green by over 1%. The screens are showing green all around and red on the Volatility Sisters. The internals are about 250 to the upside which is disappointing but they started at about 800 to the red so they are in recovery phase. One fly in the ointment is the underperformance in Small Caps which are flat to pink. The leadership for now looks like it is coming from the BIG CAP tech as the QQQQ and SMH are up almost 1%.
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