sp'60min
Trans
Summary
*the borderline significant weakness in the 'old leader' - Trans, remains a real problem, and is arguably indicative that a sig' retrace is going to occur at some point this summer.
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It would seem after the Tuesday swings, the market wants a day of chop/consolidation before the next sig' move.
All things considered, there still looks to be further upside due into end month.. if not early June. The weak USD.. along with higher Oil, are really helping negate what down cycles there are.
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notable weakness, Discovery (DISCA) -2.4% @ $31.25. Seen on the bigger monthly cycle.. DISCA has a multi-month bear flag, and looks headed for $25/22 zone by late summer.
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back at 2pm