Utilities drive outperformance, while Semis wane

Markets have stabilized ahead of the long holiday weekend, and a near-term bounce up to 3830-3860 looks to be happening to kick off Q3 on a good note.   Near-term, active traders should look to sell into this bounce next week, expecting that 3946 should not be exceeded before prices roll over to test and take out 3636.  Sector-wise, this past week has been marked by steady outperformance by the Defensive groups, while Automobiles, Metals and ...
Markets have stabilized ahead of the long holiday weekend, and a near-term bounce up to 3830-3860 looks to be happening to kick off Q3 on a good note.   Near-term, active traders should look to sell into this bounce next week, expecting that 3946 should not be exceeded before prices roll over to test and take out 3636.  Sector-wise, this past week has been marked by steady outperformance by the Defensive groups, while Automobiles, Metals and ...
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