11Jul9:31 amEST
Yakety Yack
Deep into the heart of the era of "Fed transparency," with Fed heads jawboning every day of the week and then some, the market appears to be looking forward to two days of Janet Yellen testimony this week. It is interest to see the Fed's conquest for transparency devolve into confusing, often conflicting remarks by its members, be them voting or non-voting.
That said, not much has changed on our front as far as looking to see whether sectors rotations into solars, bios (ARNA screaming higher 40% could help XBI), homebuilders, even some materials.
SNAP still looks ill, and APRN is not much better, which leaves us looking for more sensible alternatives such as a few notable software charts we have been noting and playing for Members.
Finally, energy seems ripe for a bounce, but then again it has for a good while. Plenty of perceived "support buyers" remain trapped in energy stocks so, again, my focus on the long side is on playing better charts.
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