XJO down today -0.27%.Below is a chart for STW, an ETF tracking...

XJO down today -0.27%.

Below is a chart for STW, an ETF tracking the XJO

The range of the current rally is about the same in price and time as we saw back in mid-April to mid-May.

We may get some consolidation as we did in mid-May, but this rally has likely run its course.

Three sectors were up today with one, Discretionary +0.03%, almost flat. The three sectors on the positive side were defensives, Utilities +0.3%, Health +0.28% and Staples +0.2%.

Worst today was a crash in Information Technology -3.39% taking a lead from big American Tech stocks last night.

Telecommunications -1.2% and Real Estate -0.43% rounded out the bottom three sectors.

European stocks are up modestly in early trading, STOXX600 up +0.33%.

Dow Futures down a little -0.1% but Nasdaq Futures staging a rebound, up +0.59%.

Sydney Ozzie Futures down a little -0.12%.

Take care.