The S&P 500 clearly broke out of this trading range that we have been in for the last few months. A pullback to 950 seems in order before reaching 1,000, did I really just say 1,000?
The Transports confirm the breakout today:
And, the financials [[XLF]] look GREAT:
We must protect this house, UA to close @ HOD
SPWRA ripping in after hours, solar is good here. CSIQ my top pick– I’m long.
RC, I know people hate it, but on strength in the market FAS seems like such easy money, it’s worked for me on almost every run we’ve had. Can’t say the same for FAZ, which I vowed never to trade again months ago.
RC buys JASO in AH @ 4.85