Difficult Market Tape

jfsrevg
01-17

Difficult Tape

This market tape still has much to prove if it fails to build on yesterday's post-inflation data gap up. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $Invesco S&P 500 Equal Weight ETF(RSP)$ $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$

Almost nothing in my watchlist could reclaim their opening range highs. Strongest 1-month industry groups in the market are dominated by energy and commodities $Spdr S&P Oil & Gas Exploration & Production Etf(XOP)$ $SPDR S&P Oil & Gas Equipment & Services ETF(XES)$ $VanEck Oil Services ETF(OIH)$ $United States Oil Fund LP(USO)$ $United States Natural Gas Fund LP(UNG)$ $First Trust Natural Gas ETF(FCG)$

You may have result in better performance for this month if you sit on your hands and avoid acting hastily, instead of worrying about unutilized cash sitting idle.

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