Tuesday morning Update
1292 is again putting up resistance after the market broke through the minor resistance just below it. The market now has a somewhat bullish setup here, but that is predicated on a move past 1292, which so far isn’t happening. The leading sectors this morning are XLE and XLB, lagging are XLU and XLP. The Nasdaq is trailing slightly, the Russell 2000 is about even. I have oil and gold up, treasury yields down.
I have 60 new highs so far, but few breakouts: CRUS is the only one getting volume. I had JOSB scheduled to report this morning, but they are actually reporting on Thursday.
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