Good morning traders. Big trend day up yesterday saw us close at rally highs. Typically the first half of the session after a trend day tends to be consolidation as the previous move is digested. Holding above 116.45 SPY should see some follow-through to the upside. I will be watching GS and XLF (which are finally starting to show some leadership) along with the high beta tech stocks as a market tell. If the market pulls in on the open I will be looking to buy around 114.90 SPY
Follow me on twitter for real time updates @JoeP_smb
117.60
116.45
115.80
114.90
114.65