Just when I thought the market was starting to crack, here were go with another rally, but if you happened to take a look at the Forex market last night, I guess this really isn't a surprise. Lots of strange action in every pair involving the USD. The leading sector today is XLE, propelled by the weakened dollar, with XLI not too far behind. Lagging are XLP and XLU. The Nasdaq is trailing, but the Russell 2000 is about even. Oil is up big, gold down a bit, treasury yields up a bit after a gap down at the open. It appears 1196 is our resstance level, and that is the high we hit so far today.
I have 283 new highs so far, with breakouts in JKS, OSIS, JCTCF, MVG, CCME, and CVU. I have a bunch of stocks scheduled to report this morning, these are the ones that have actually reported: ANAD down 6.5%, and VOLT up 3.1%. It must be Monday.
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