Hello Everyone,
Very quick comments: The trend remains obviously to the downside with a lot of potential time bomb news. That said the SPX pulled back to its 61.8% Fibonacci retracement off the Jan lows to the recent highs and found support there - generally the market will always get some sort of reaction off that Fib. If long that's a good place for a tight stop (if the market doesn't have a monster gap to the downside).
Please note I added some new trade ideas: ERY, CUE, MRVI, DKNG, LGIH
Precious Metals, which looked fantastic over the weekend didn't give back Friday's gains (like the last time they tried to rally) and instead followed through. This sector may be about to embark on a major uptrend and finally join the rest of the commodity party
Matt
