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.
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