The market almost exactly where it closed the day before, leaving the SPY in limbo. Currencies are weak and the dollar has been gaining strength through the London session. This could be negative for commodities and gold. GLD and GDX were my weakest sectors yesterday. Should the dollar continue to gain momentum today, then I expect gold to continue to weaken. I will also be watching XLK and XLF to paint the picture on the SPY. Overall we have a mixed picture today and we could sell of then see some buying again.
Longs:
DIS
GE
JPM
MS
JNJ
HIG
XOM
MET
Breakouts:
NTAP
SLW<35.00
Shorts:
AKAM
BRCM<43.00
MCD
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