Midday Missive

Transports and Financials have led early

The railroads have led the Transports.

Oil has not put a reversal in, possibly telegraphing topping potential.

PSX..longs should use today’s low for risk management.

Spu’s...I need a close over 2682 for an upside breakout.
2639 is about as low as I’d expect this afternoon.



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