Hello Everyone,
Chop/Slop day for the market with the SPX closing flat, the Dow -0.4%, the Nasdaq gained 0.5%, while the Russell 2000 outperformed gaining 1.2%
Nice to see HYG rally a bit today, however it needs to rally a lot more to negate that divergence vs the SPX that I showed in the weekend newsletter.
Otherwise technically no major technical changes from what I discussed on the weekend. Trade the trade setups and your triggers until something changes. Targets to the upside on the SPX are the unfilled gap at 4219, 4250, and eventually the 61.8% Fib at 4325 (but we should see a pullback first before that is hit.
News This Week: PMI Tuesday, FOMC minutes Wednesday, PCE on Friday (and of court Debt Ceiling BS)
KISS Google Spreadsheet Table
KISS STS Tables for Indexes, ETF's, Stocks
- check your stocks and ETF's to see where they are suggesting smart trailing stops if long.
Matt
