We’re into roll with forwards in the currencies and the Equity Indices.
June Nasd 100 is app +27 points over March.
June is picking up the old continuation # of 7000 March Nasd 100. Both contracts will need above that level the rest of the week.
Futures will be running the show.
Spu’s already had their back and fill from yesterday.
Colgate is a defensive rally.
Rotation is into defensive names and select chips.
STX & WDC which i have no interest in chasing.
GOOGL could break to 1110 and be perfectly good.
Manage names off their own technicals.
You’ll get your chances both ways.
I spent the morning cleaning up positions.
The Spu 50 DMA is proving a difficult nut to crack.