I have no way of knowing just much of an effect that the Russell 2000 rebalancing is having on the tape today. Despite the sea of red and our journey back down to the lows of the day, a simple trade is working like a charm. With oil down, the restaurants stocks are acting very well in this market. It really does appear so easy that a cavemen can do it: “Me see oil down, me go out to eat.”
Click here to see a video that I made earlier this week on these stocks.
In particular, $BBRG $BWLD $BBRG $BJRI $PNRA $RRGB are acting well.
good sector catch only thing is I’m not on board lol
lol thanks Chris