Swing High

The markets are mixed today on the back of some mixed economic data. The Russell 2000 (IWM) is the winner so far today, up .5%. Meanwhile, the Financials (XLF) are the real loser, down over 1%. The Nasdaq (QQQQ), Dow Jones Industrial Average (DIA), and the S&P 500 (SPY) are flat to lower for the most part. Intraday, SPY tried to break out of its bull flag formation, but has failed. The TRIN and TRIN/Q continue to be divergent. The VIX is down ever so slightly. Gold (GLD) is down .33% and the dollar (UUP) is up .8%, so that should provide for some selling pressure in equities. If stocks hold up today, even if they close flat, that will be bullish.

Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

Happy Trading,

Jason

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