You’re seeing an early bid to defensive names; Utilities (XLU), AWK, & MCD in a chase for yield. AXP & AIG are being bought off relative strength indicator, meaning these Financials have neutral RSI’s while many momentum names have already … Continue reading
Daily Market Intelligence 6-17-16
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 … Continue reading
Stocks… VISA Mastercard Capitol One…needs to hold the 58 level. American Express…this could be the value trade vs. the other credit card issuers since it’s already had a big sell off on earnings into multi year fib support. Bonds… 30 … Continue reading