{+++} Today was boring and a little choppy, but was important, because it seems to have been yet another consolidation day for the bulls. There also was an interesting rotation that seems to have started as they sold off oil, metals, mining and materials but bought the financials. As a result we added some FAS to the portfolio today.
Higher rates are coming it seems, as they sold treasuries hard and TBT exploded. The other side of that trade is TLT which got crushed.
I am adding two potential break out longs to the list. AXP and LULU. Please see the P&L for entries and stops. Have a great night.
