- SAME STORE SALES - Retailers got great same store sales causing big bump in many retailers (many 5+% gains)
- ADP JOBS - upside surprise with ADP jobs numbers...this surprised many investors and made them bullish ahead of tomorrow's jobs numbers...but remember that as expectations will be high for a good number tomorrow, if it gives us a downside shock, we might have a huge selloff...and a good number will mean continued bullishness
- QQQ - got a new intraday high on the tech index...so far SPX just keeps following $TRAN and QQQ as it breaks prior resistance and keeps going higher...so best to have money in tech or transport and keep watching them for the next move.
- DEFENSIVE - money moving out of defensive sectors like consumer staples and pharma
- XLF - huge move in financials today as well...finally joining the rally, bullish
buy / sell / hold
- overall, bullish...so if u got a position, best to hold it with a nice loose stop...and if got nothing, should have bought earlier as now is not ideal to buy.
Laggard: solar, pharmaceuticals, consumer staples
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