XLI and it's components really weak here too. I have a -10 on the number line for the XLI Edit: That said, don't go XLI today if equities rally
It's above the pivot and it's acting well. This market feels kind of messy today. It's acting like it wants to pop. I wouldn't do anything. If I was going to short anything I would only look for the weakest products and sell into the pre-lunch time pop.
Honestly, this thing looks like the best long on my entire screen today. Good price action. Even better long FCX/SPY spread!
lol, I know it didn't even tick down at all when the market did...many times you'll get a decent A-fade off of that type of move. Def didn't here!