Hello Everyone,
I Nice recovery off Sunday night's large gap down in the future market with the US Indexes bounce back today for the major indexes with the S&P 500 managing to close flat for the day, and the QQQ gaining +0.4%, while IWM Small Caps gained +0.9%
Other Observations:
- Despite the recover no technical changes on S&P 500 and QQQ
- IWM Small Caps coil is tightening
- US Dollar strong gaining +0.9%
- TLT down, 10-Year up
- Bitcoin held up well during the weekend and was up today
- Software stocks continue their bounce with IGV +1.5%
- IYT Transports has a tight coil formation
- Precious metals closed up but well off their morning highs
have a great night,
Matt