levi.stern95

$ES_F hourly chart: the slow grind upwards continues

CME_MINI:ES1!   S&P 500 E-mini Futures
nasdaq needed a breather and an eod sell-off is healthy in the midst of a bullrun - profit taking on stocks that have run up some 50, 100, 200, even 400 & 500% in less than half a year. May see a rotation start to happen slowly but surely... stks like $COST that have been quiet... $WMT today with the pop on their news is a catalyst for the consumer staples and consumer discretionary sectors ($XLP $XLY)... see if names in XLY can outperform AMZN for the next week and half. If $WMT can do so that shows a possible rotation from growth which saw HUMONGOUS gains to more value names that haven't moved comparative to their counterparts.
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