The rally seems to be tightening up and I spotted a sign that new highs are dependent on a small number of stocks. This begs caution as we watch this week unfold. Beneath the surface there are a couple set ups I am interested in. I outlined them in my weekly update that you can see here.

Oil and interest rates seem to have their own inertia in the markets so these trades will be important to keep an eye on.

Thanks,

Joe

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