Oil is initially trading down on the inventory reports. We have seen this movie many times before and it has a way of changing after the knee jerk response so don't overly anticipate.
Tech is strong and financials weak so you have relative strength in the NASDAQ against the NYSE. It looks like another one of those tug of war days. That initial selling was met with buying down near recent lows and now they are trying to see if they can test the recent topside of the range. I have no bias today.
Tech is strong and financials weak so you have relative strength in the NASDAQ against the NYSE. It looks like another one of those tug of war days. That initial selling was met with buying down near recent lows and now they are trying to see if they can test the recent topside of the range. I have no bias today.
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