Chart of the day:
$SPX chugging higher as breadth diverges slightly... short term support exists at the 20 DMA ~7040
McClellan Oscillator is hovering around the 0 line - bulls are still in control
@SchwabNetwork@SchwabTrading
Thankfully, we are up on a big hill, so the flooding has not directly impacted us, but we are not far from it.
Thinking of those whose homes and businesses are being impacted!
#Washingtonfloods
Palantir #PLTR still holding longer-term support near $20.
With an expansion of its AI capabilities, will the trend resume higher?
(not a recommendation)
@OptiontradinIQ How about a call calendar on the XLE? It’s both a play on geo-political volatility in the region and energy usually appreciates in the warmer months.