Here is your morning look;
We’re back to the volatility crush.
I’m looking for more subdued ranges as investors focus on the earnings calendar.
I’m expecting the Spu’s to trade up another 50-60 points.
VIX is approaching oversold levels.
Look to the names for alpha.
GOOGL should be at the top of your list. The technical set up shows this has 70 dollars of upside risking 1029 stop on Close.
Buy breaks not rallies as long as the Spu’s remain higher on the year.