Sorry about pre-market…still no phones or internet at office. Hotspot was spotty. Still nothing at the house. Yummy. I know they are working hard around Florida to get things up so no complaining.
As I write this:
THE SEMIS (SOX) looks poised to break out of a 14 week trading range. The SOX topped on the vicious June 9th drop after becoming extended and has taken this much time to work through the supply. If it can move out, it will go a long way in keeping the market moving forward as it has been the leading group for quite a while. There are already a few names into new high ground and some very close.
Otherwise, mostly quiet but very constructive action in the indices this week. FINANCIALS bumped back into trading range…but still no leadership there.
COMMODITIES in pullback mode as dollar strengthened a bit past couple of days. A few names broke back below the 50 day.
More tonight on radio and right here.