Market seems a bit heavy in here. We have had a nice bounce but given the clearout to the downside in the pre-market (not to mention the last couple of days) I would have expected a try on SPX 1100 by now.
Still sticking with a bounce in the dollar which should lead to some weakness in metals / metal stocks. Probably makes sense to lighten up a bit on some semi longs and try to get them back on a pullback.
The housing stocks could get interesting in the next couple of weeks. It appears they are bouncing and I would expect it to fail but with rates ratcheting lower I suppose they have a shot at some new highs.
No positions in anything mentioned.
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