Futures are a little light this morning and I’m still watching my 1841 and 1828 $SPX levels for short term support. Yesterday the market was as confused as the Lee Harvey Oswald prison transfer. Janet probably didn’t intentionally mean to ruin your day, so giver here a pass. If Biden ran the FOMC we would have 3000 point intraday moves on a daily basis. Just imagine.
Solar is ever so hot. Biotech is pausing along with technology. Gold and utilities are shorts, and I’m still very bullish on the market.
I’m on a seek and destroy mission for some short term oversold stocks and my recon is finding some great names.
We came into yesterday short term overbought, and we ended yesterday short term oversold. There should be some great opportunities today.