Go with the Flow for Now

Early weakness has yet to snowball downhill in the manner I am sure bears want to see, as bulls did a good job this morning of defending $285 on SPY (actively-traded ETF for the S&P 500 Index), seen on the intraday chart, below, with a 5-minute "hammer" reversal candle. Keep in mind, this is a very short-term chart and should only be used as a point of reference to assess the intraday action, only. 

At the moment, the broad market simply looks to be alleviating overbought conditions rather than completely unwinding, which means we want to stay on top of relative outperforming stocks, as always. 

We also want to refine a list of plays to keep in mind for the State of the Union speech tomorrow night, as we already know the theme will be, "Building a safe, strong and proud America."

As you might imagine, there are some specific plays I will highlight off that theme for Members in my usual Midday Video.