I really like today’s action today. While commodities are being sold off, retail,semis getting good bid. Financials turning green as well as transports. In the midst of thinking these lower commodity prices going to maybe help market.
Also, I love how my leaders list is acting. Everything either holding support/moving averages or some things setting up to move out or are moving out. I may just add a few longs without a follow through day. The good news is DLTR is moving up while the short from this morning, BHI, is moving down.
If the leaders start breaking, then I worry.
I will again put out the leaders list with notes to you over the weekend.