The Week In Equities
- S&P 500 (SPY): 1.98%
- Financials (XLF): 1.97%
- Energy (XLE): 2.75%
- Healthcare (XLV): 0.77%
- Tech (XLK): 2.48%
- Utilities (XLU): 0.51%
- Consumer Staples (XLP): 1.19%
- China (FXI): 3.96%
The S&P broke out of short term resistance in fairly strong fashion and looks to have some strength. A lower-than-expected jobs number this morning with low unemployment rates keeps the Fed in check and shows that America is working.
Energy had a good week, but traders are still looking for dips in crude. WTI doesn’t seem to want to rally too hard these days. Could make for good deep out of the money call premium opportunity.
Chinese stocks showed some strength with the chatter of resuming trade talks. Could be some opportunity forming here.