PRE MARKET

Quiet open. A couple of notes:

UTILITIES breaking out as long rates been coming down. Lower rates have caused FINANCIALS to back up.

The 9500 area may lend some support to the TRANSPORTS…right near the 200 day moving average.

Overbought ENERGY indeed pulling back but needs to be watched on pullbacks.

BWLD gets buyout proposal.

AAP and KLIC on the gap to the upside. KLIC looks like a breakway gap.

DKS to the downside. HD about flat off of their earnings.

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