XLV & UNH are the only 2 things I want to own on the board.
IYZ…the telecom I shares ETF is putting in as bottoming pattern, working on an ORH week. Closes over 30 is needed to confirm the pattern.
Yelp has bottomed. Look for a test of 29.65.
NIKE..(NKE) is putting in an ORH week with a close over 114.70.
Any new longs should use this level as your stop.
You can buy any of the above instruments with a stop at today’s low.
The equity rotation has been out of the big caps and into the Russell.
I exited the QQQ within .06 cents of the current price.
If you stayed with trade raise your stop to 11.80 stop on close.
Time to trade the names & sectors with upside vs. the overall index.
There are weekly options expiring this afternoon
You’d expect some buying Monday A.M.
Monday I will be out of office speaking with west coast clients.
No Research Monday.
