A Tactical Maneuver

As we wind down the session on a day when many market players are likely busy with basketball or St. Patrick's Day, or both, commodities have notably outperformed again. We are seeing a bit of a reversal down in the gold miners, though, we saw me taking some profits inside Market Chess Subscription Services. 

However, the financials are waking up, and the small caps are more than making up for the biotech/pharma and Nasdaq weakness. 

Overall, it is tempting to try to fade this market move, but we are seeing notable rotations below the surface. A name like TSLA my very well be the poster child for this market--It has rallied over 50% but is still facing a declining 200-day moving average and has made lower highs since last summer, not unlike the major indices. Still, shorting remains a tough proposition, especially in terms of directional betting on the indices and with long volatility products. 

A few individual names with tight charts: CBRL JCP TXRH.