Friday June 7 - Live like you were dying, page-5

SPI200 Commentary

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SPI continued to grind higher as the rate cut welcoming banks, reits and anything with yield did the heavy lifting. XJO will be above 6400 today and where it goes will be up to the sectors mentioned. Its non farm payrolls tonight, ADP earlier this week was a big downside miss so expect another miss tonight. This should put pressure on the SNP tonight. So looking for the market to range around above the 6400 level as traders take profits and move to the sidelines for the long weekend. Those who are happy to take some weekend risk should look to be short at some good levels in anticipation of a bad non farms

Range for day: 6390 to 6430
Direction : Uptrend
Setups : Sell rallies around 6430