As we work through the dog days of summer, the market continues to grind about in a range today. The Ukraine news this morning did not lead to a bloodbath, but instead another cliffhanger as we head into the weekend.
Indiviudal leaders, such as Netflix, are promising for bulls, while major credit cards plays continue to look vulnerable to more downside.
Corn and wheat (CORN WEAT), two of the more Ukraine-sensitive commodities, both turned in decent sessions today as they attempt to bottom.
Overall, though, there are not tons of setups lurking, just yet. Let’s see if next week brings more clarity, or if we need to wait until after Labor Day.
Enjoy your summer weekend.
The Fly is God.
He’s in nyc opening for Luke Bryan sept 12th at MSG, just fyi
Europe has wheezing and coughs of their own, even without Ukraine. A downplay of issues is certain if it is needed…has that now begun? Something be brewing somewhere.
Cigar caption “in the company of Red Heads”