The dollar held it together and so did the market. I felt it was a deceptively strong market. The index’s closed flat but there was some real strength in the commodity and major financial space once again. Lead by GS BAC, JPM, MS, WFC and even C have started to trade higher on better volume. With the exception of C they all closed above the 50 day MA. The only exception was the regional bank index (KRE) which was the weakest ETF on my platform.


After the strength we have seen in the index’s I am actually routing for some sideways consolidation action so we can get some good set ups in the next few days.

The following ideas may be actionable tomorrow but I am not expecting much. Look for volume and relative strength, watch out for choppiness.

adsk 26

amgn 58

crk 44

joyg 57

met 37.25

ntes 42.5

pru 53

rs 46