HEADS UP
The markets open and the market internals are quite telling- FLAT. The sticking point is that the NAZ internals and the Semi's are both flat to red.
Another tell that I am watching closely are the Small caps as the IWM opens lower.
The oils are ripping with the OIH up over 2 bucks, and the metal indexes ramping by 1.5%. The sectors lagging are the Homies,Bio's, Reits and Retailers. The 10 year Bond is now hovering just below the 4.9% mark and that may be putting a bit of a damper on the markets.
Two favorites that have been discussed here a few times, GWR and JOYG are both up over 3% and trading at their 52 week highs.
Another tell that I am watching closely are the Small caps as the IWM opens lower.
The oils are ripping with the OIH up over 2 bucks, and the metal indexes ramping by 1.5%. The sectors lagging are the Homies,Bio's, Reits and Retailers. The 10 year Bond is now hovering just below the 4.9% mark and that may be putting a bit of a damper on the markets.
Two favorites that have been discussed here a few times, GWR and JOYG are both up over 3% and trading at their 52 week highs.
posted by DAVID at
9:49 AM
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