A.M. look 4/29/21

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.

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