The S&P has spent most of the week in a tight consolidation trading range in the upper half of Monday's gap day. After weaker than expected initial claims data, stocks spent most of the session playing defense. A late day surge filled the gap.Tomorrow's jobs data will set the tone.
$CAD broke out of symmetrical triangle. $USD is still trending lower, but has paused at the 200 SMA. A strong job report tomorrow would really help the $USD.
Ag/Chem sector should pause anytime now to work off the overbought posture. Long term, the sector has more upside.
AAPL is in a tight trading range, printing narrow range bars - coiling. The BO, when it occurs will be explosive.
No comments:
Post a Comment