It’s a gap and go A.M. in the Spoo.
Given it’s a new ATM, many will be tempted to sell looking for a home run.
I’d prefer to buy the break than trade against the flow.
Trade with the tape.
30 Yr. Bonds are trading @ the qtly point of control. The weekly yield chart confirms this is the major closing inflection level.
FB is up 7% and CAT is up.
Everybody has been in lockdown buying stuff from Amazon. Not interested in selling the Indices going into earnings!
Russell and Russell/Bond have regained their channel.
RRC is a name that drifted off my radar. It’s been drifting in a 10% range for the past few months.
Paying attention for a weekly breakout.