Markets reversed course on Tuesday, taking back all of Monday’s losses and then some.
All four major indexes ended the session solidly in the green…
- Dow Jones +0.6%
- Nasdaq +1.7%
- S&P 500 +1.2%
- Russell 2000 +1.5%
A slew of minor economic reports went in favor of the bulls.
Sector Round Up
And as a result, the bulls dominated the session.
10 of 11 sectors ended Tuesday higher.
At the top, the risk-on sectors…
- Consumer Discretionary (XLY) +2.2%
- Technology (XLK) +2.0%
- Communications (XLC) +1.7%
The lone loser…
- Healthcare (XLV) -0.2%
For chart junkies, yesterday’s move hardly came as a surprise.
Have a look for yourself…
The market appears to be turning exactly where one would expect.
When support holds, that’s bullish.
Your latest readout…
It’s been 69 days since 4/20 … And that means it’s Elon Musk’s Birthday.
The world’s richest man turns 52 years old today.
We remain long Tesla (^TSLA).
GASS support at $3.80
TALS support at $3
ORIC on watch
^CIFR resistance at $3
CLBT support at $6.50
SWBI support at $12.50
ONCY support at $2.25
HEPS support at $1.60
EOSE on watch
BTBT support at $4, resistance at $4.50
PDCO support at $31
MRNS support at $10
Secondary watchlist—float 100+ million
RDFN support at $11
MARA support at $12
ENVX support at $16
GOL support at $4.50, resistance at $5
ABCM on watch
OPEN support at $3