On the long side, notable names like AAPL F, as well strength in the large banks, are galvanizing bulls this morning after an opening move lower.
However, the stubbornly weak small caps remain an issue, with the IWM ETF back near its 200-day moving average.
In addition, the solar sector is suspect. On the sector ETF daily chart, below, note the recent falling channel (light blue lines) breakout is in danger of rolling back over after testing the declining 50-day moving average.
Overall, we still have a mixed tape with a slow, choppy summer feel to it.
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