Markets began the week in a listless like fashion finishing with fractional losses. Both the Nasdaq and S&P 500 fell less 1/10th of 1%, gearing up for a 19th consecutive up Tuesday? Most of the days brightest stars came from the energy sector, one group in dire need of some rotation. You will always have your leaders in a weak overall group, and it is imperative to keep an eye on them. They could be among the strongest movers once the rotation is in full effect. One that comes to mind is COG and its breakout from a 71.49 flat base trigger. RRC shrugged off a Monday morning blue downgrade and finished a percentage point higher, and nudging right under 50 day SMA resistance. One potential canary in the coal mine is the continued softness in Mexico. If the US economy is supposedly turning on all cylinders, why the fragility?
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