The SPY finally broke out of the range it was in for over a week after the big move on earnings from NVDA. This looks great but we have Jackson Hole and the fed tomorrow. That is going to be a huge event for the market and these things can go either way, 2022 for instance was a complete disaster. So don’t get too excited just yet, this is a breakout but it can easily be a headfake and we get a sharp move down tomorrow after Jackson Hole. For the moment the vix is under 14.50 so nothing is really signaling much fear into tomorrow.
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Here are today’s large cap momentum scans, the rest of the small and mid caps will be in the database link below. Interesting to finally see a megacap in here with MSFT. CSX is another name I’ve flagged alot of trades on recently, that is a railroad seeing some strength.
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Trades I Made Today
