Monday Morning Update

The chart was a little difficult for me to interprete this morning (I don't know if it's the chart or just me on Monday morning), so I just took the most recent high and low and made those the pivot points. The trading range is widening, and moves do seem to be getting bigger despite the overall drop in volume. This morning we took quite a drop at the open, but so far the market is not following through on it and is looking like it wants to rally. There isn't much difference in the sectors, but leading are XLY and XLV, lagging are XLF and XLK. Both the Nasdaq and Russell 2000 are lagging a bit. Oil, gold, and treasury yields are all down.

I have 42 new highs so far, with breakouts in GV, WMK, CQP, LNG, CVGW, OSIS, and MHS. I have a bunch of stocks scheduled to report this morning, but as usual none have. Most are reporting this week, and I will get the schedule updated.