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The S&P ended up slightly better than flat today, but some of the trading action was decent. The market looks higher, but it’s in wait and see mode.
The P&L had some triggers today that included: HUM, HUN, MELI, TEX, VAR and IBM.
Some names that are close to triggering are CF , CELG and CRM
The coal stocks woke up today (I heard a terminal in BC got destroyed which may have prompted the rally).
The financials went sideways and the material sector was strong.
Keep an eye on the railroad stocks. The transports (IYT) had a decent day and some of the rails may be trying to turn up. I’m watching NSC and CSX.
Have a great night and I will see you in the chat room in the morning.
Joe