Eye on the Market: XLV, XBI, PPH, MJ and EWZ making moves. Consolidation time!
Now Summer is around the corner.
\nTraders have done well doing nothing but buying since the beginning of the year.
\nDiscussed recent price action of broad markets.
\nA little on options strategy, turning losing butterflies into profitable vertices.
\nNow with all the volume and volatility to the up side, traders can afford to sell to the down side.
\nSome consolidation is on the horizon and i welcome a good base before moving to higher prices.
\nGood luck this week. Look at the health and pharma sectors XLV, XBI, MJ, PPH
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