Mar
The broad markets benefit from the ISM data and increased consumer spending. The move higher was definitely sector specific. The technology sector was up 1.5% with semiconductors up 3.1% while the financial sector managed only a 0.4% gain as banks were lower by 0.3%.
The break higher in materials, consumer services, healthcare and industrials broke some of the log jam in the market. The follow through will be the key to a sustainable move short term.
Global markets responded with Australia, Canada and China up more than 2% on the day. Still plenty of work to do in the global markets, especially in Europe.
The play list added two new plays in energy and industrials. Looking longer term on both plays. The existing plays were higher on the day and we adjusted stops accordingly. The table is updated and reflects the changes along with video.
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