Eastman? What Kind of Stupid Name is That?

Considering the Dow is higher by more than 200 points as I write this, the price action in many individual names is fairly subdued today. I see HMNY completely gave up a massive opening gap in what is proving to be one of the most volatile non-biotechs/non-China names I can remember. 

On the bright side, however, we have some stealth bull rotations still playing out, such as in the chemicals. Eastman Chemical (EMN) is a good-looking chart with earnings approaching on Thursday. 

However, there are a few other attractive, actionable chemical plays with earnings off in the distance which I will run through for Members in my usual Midday Video. 

In addition, a few catch-up plays in hot sectors, like Hovnanian among the builders, merit our attention. 

Without question, BA BAC CAT MCD are helping the Dow basically go parabolic here. At some point they will correct but, as we know, the timing of it has been a uniquely difficult task. Thus, the continued focus on rotations is the crux of our focus until we see some broad weakness stick.