The S&P 500 Index rejected the morning weakness, as buyers put price right back into the 30-minute consolidation we observed yesterday.
Updating that chart, below, you can see the 1660-1666 range remains intact. Until that breaks with authority either way, you can expect more choppy action by and large.
The tech stocks in the Q’s are leading today, with the small caps slightly lagging.
Some long ideas of note, which I am stalking on strength: DSX GNC OCN WYNN.
What are you trading this morning?
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My NUGT calls are going in the right direction.
I like that Diana.
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Celebrate at Pitino’s restaurant tonight? Does Calipari own an Italian joint down there too?
Pitino doesn’t own that restaurant. It belongs to a friend of his.
Calipari eats free wherever he goes, so he doesn’t need on out in Lex.
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Talking in terms of the /ES September mini contract, bulls need to get above 1661.25 and hold above before I can be more constructive on the profile development scenario 1 from the morning report)
I agree with /ES levels
SNV holding up pretty well so far
Good eye
Chess
I like CWH October calls and I took a small starter on an ACN short on the head and sholders breakdown.