SPY: Do the old chart techniques have any validity in an algo HAL 9000 world? This is interesting given H&S tops, death crosses and broken support lines. Perhaps modern algos don't give a rip about these things what with yields low and expensive computers and PhD operators these indicators may be just passé. After all, there's high overhead to deal with so who cares about economic data?


MDY & IWM: Hit harder earlier and not as robust to the upside in this rally since these sectors are more sensitive to economic data than with how State Street is doing.



QQQQ: At the end of things all that's left in the U.S. is tech so we'd better keep a good goalie on the ice at all times.

Continue to U.S. Market Sectors, Selected Stocks & Bonds

If you liked this article you might like

How to Make Your Life Successful Just Like Billionaire Warren Buffett

AI Pioneer Andrew Ng: There's Room for Multiple Winners in the AI Race

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

These Are the Top 50 Jobs in the U.S. Right Now

Driving This Beastly Cadillac CTS Reminded Me That Sexism Is Alive and Well