The Discretionary and Technology Stocks have been more bullish relative to the Staple and Health Care Stocks all morning. The Financials, however, have been laggards, especially in the first hour of trading.
At 1030 ET, the Financials started to show some bullishness relative to the broad market. This helped trend the market upward after the test of the 0930 ET open; however, the $TICK has been a little weak on this uptrend. Upward momentum is weakening for the broad market, but it is still heading up slowly.
Charles
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