Publish date:

John Carter Markets Analysis: SPX 2100

This is the key level where we will continue to see consolidation.

SPX 2100 is still the game funds continue to play as we saw the snap back earlier in the week, and now, even in spite of the economic data due out this week, I think we'll continue to consolidate near those prices. We've discussed some opportunity around that in SPX, along with some premium selling ideas in Goldman Sachs (GS) that are still in play. Inside that I still like a few "honey badgers" that are out there like Tesla (TSLA) and Buffalo Wild Wings (BWLD), but charts like iShares Russell 2000 ETF (IWM) do warrant some caution.

TST Recommends