The stealth holiday has come and gone, and we have what seems to be the norm this time of year: a 4 day week. The chart is beginning to take shape here as we have cleared the prior range we were mired in, and are now carving out a new range, the boundaries of which look like 1357 on the low side, 1370 on the high side. I have (deliberately) not seen any news today, so I have no idea what the experts are expecting today, and so far things are off to a slow start. Among the sectors, the leaders are XLB and XLE, the laggards are XLP and XLV. Both the Nasdaq and Russell 2000 are lagging. Oil and gold are up, as are treasury yields.
I have 136 new highs so far, with breakouts in ASTE, CBRL, and HD. The holiday has thrown a monkey wrench in my earnings schedule, but I have 2 that I know reported: WLK up 1.3%, and MHS, down 0.4%. I will post a revised schedule as soon as I revise it.
