There was some selling in other sectors today, some stocks were even unchanged in my watchlist. If SPX is going to breach 1000, other sectors need to participate in this rally.
Tomorrow we have an employment report at 8.30am. So we will see whether there will be a continuation of this rally or a gap down. However based on the mentality of most MMs...I think they are going to try to breach 949. If not it is possible that the trading range be maintained between 940 - 949 to burn theta over the weekend. This is bad for bulls and bears...hate it...if that happens.
The big question mark now is, where is the dollar heading to...Gold miners did not perform as well today...notice that most gold miners did not make a higher high. Instead most went sideways from late mornings to the end of the day....I smell doubt here
BUCY looks like another buying opportunity on pullbacks, possible target is 34-36.
BNI is setting up for a beautiful move soon.
For those who are a fan of GS, notice it took 12 days for a decent breakout. 151- 160 will be a formidable resistance zone...so I am expecting a pullback. Buy on dips.
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