Thursday Morning Update

We got a little pop at the open, which tested, and failed, at 1296, prompting a pullback. that was not long lived either, and now we are just about back where we started. The sectors are not giving us much help either, we have XLB, XLI, and XLP all running close together in the lead, XLE and XLU trailing about a half percent behind. The Nasdaq and Russell 2000 are both lagging slightly. Oil and gold are up, treasury yield up as well.

I have 64 new highs today, with a really nice looking breakout in TSCO but no others. I have a report from RELL on the earnings list, that gapped down big this morning but is now back to even.