Daily Wrap – Buyers Dipping Their Toes in the Water

After Friday’s trend channel stop out, the market started the day on a cautiously optimistic note with defensive and cyclical sectors leading, while mega caps lagged behind. This afternoon the mega caps improved while my most shorted index saw increased short covering activity, sending the major indices to session highs. This followed a Bloomberg report indicating…

This content is for All Access members only. Register here.
Already a member? Log in here