08Jun10:13 amEST
Sweet and Salty
At the moment, Tesla is breaking higher above $250 while Google is threatening to breakdown, seen on their respective daily charts, below.
Both TSLA GOOGL are marquee brand names in the market, driving home the point that this market remain narrow in terms of momentum. Simply put, this is a case-by-case tape and has been for a while now.
Airlines look to be breaking down again, along with casinos, while China names like are out of the strong.
In addition, natural gas is finally gapping higher. But I would need to see price get over and base along $13 on the UNG ETF for me to trade it again. I have not touched natty in a while and will show some patience there until I get my setup.