Midday Missive

The weekly retest low @ 1913.50 in the Spu’s looks good as long as it now remains above 1918.
XLU & dividend yielding water ETF’s (WTR & AWK) have been leading all year
FB… put in an ORH month and looks to extend as high as an eventual 124
as long as there is no close below 110.55.Inline image 1

GOOGL…earnings are after the close today. I have no interest in making a bet against their earnings. The wave count could lead to new all time highs pending earnings.
I’m going to wait to see how this trades.
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American Express is trying to bottom. Regardless, 52.88 close is max risk to buy.
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TAP…is starting to gain on BUD

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​XRS…Tal Education​

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​The names that are reaping the benefits of the rally are a select few.
PSA…has not backed off ​this year.
This is not an own everything market. Pick your battles.
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