SPY and the other indexes continue to grind. Not much to play here until we move off of the range. I do think at some point within next 1-2 weeks we move off this range to the upside. When exactly I have no idea.
Just a lot of chop. We are in the middle of the range so not point placing bets here. If the indexes slip a bit, I will looking at biotechs and perhaps XBI calls
URA made a great move. Found this idea courtesy of Jeff Kohler over at Trading Addicts. I never would've traded uranium in a million years otherwise. I am a member of his trading room and he provides great daily commentary and analysis. A lot of recent plays I have found through his research like BIDU, BABA, LVS, and SNAP. Highly suggested.
ARNC made feeble move up so this might not be 'the' move