Midday Missive

The profit taking in the Dollar should continue into London’s close, along with the bottom fishing in the Energy & mining sectors.
While I’m not willing to say that’s the low in the sectors, healthcare has seen the biggest profit taking as money flows to the beaten up energy & mining names.
IBB...short term sell stops are @ 392.85. This has room to move to 384 if the stops get elected.
I’m getting a sell signal on my volatility indicator which should not be discounted.

Tighten up your risk any any longs.

150721_094202_CQG_Integrated_Client_Chart_SPC5_-_S&P_500_Daily

 

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