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Good Morning! Tuesday’s market action in the SPY and QQQ showed what looked like very bullish price action at the open, followed by a greed-to-red pullback and finally a little strength into the afternoon. Early market action points to a green open, and we’ll watch for a push to yet another all-time high in the SPY for confirmation to the upside.
Travel names such as LVS, AAL, UAL, and EXPE, among others will shift into focus as some of the biggest cities and states look to fully reopen in the next couple of weeks. Combine that with sporting events moving to full capacity and a strong economy, we could see a pop in those names heading into the 4th of July.