29May10:17 amEST

Watch the Flank

With the market stuck in such an obvious range, there still exists the possibility for some type of sudden break, one way or the other. I see ALTR is continuing the semiconductor party this morning with a gap higher, while HRTX is doing the same for the hot generic healthcare plays--There may be more M&A activity yet in those sectors. 

The SPLK earnings sell-off is placing moderate selling pressure on other HACK cybersecurity ETF components, but nothing too heavy yet. And GME is breaking up and out of a well-defined range. 

This morning, I have my eyes on how commodities are reacting to the Dollar finally cooling off a bit here, with crude and metals finally stabilizing a bit. Natural gas, however, is oversold without strong hands in sight, yet.



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