1. Market up across the board. Volume very light. End of the quarter window dressing? S&P up, Nasdaq big winner. Light volume helps to favor the upside. It’s how they close that matters.
2. Home builders are extremely strong and in up trends. Could be a bit overbought. You would think they would they’d be going down but they have surprised. There’s a mass migration from Blue to Red and North to South and Urban to Suburban and Ex-urban
3. Travel stocks have pulled back but cruise lines have started to recover. Charts are not terrible. Nick’s watching Royal Caribbean and Carnival for a buy signal.
4. Mass reopening on the way in Florida. People still wearing masks and people are very nervous. Things are extremely busy in these states. People have had enough.
5. Slight sell-off in gold and silver. Gold and silver futures down. SLV and GLD are down. Healthy pullbacks. We’ve been talking about this since July.
