All Eyes On AMC

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Posted: Jun 02, 2021 1:24 PM
All Eyes On AMC

Source: AP Photo/Marcio Jose Sanchez

All eyes are on AMC, but there is other compelling action going on including a strong breakout in the oil patch.

I think this move lifts WTI to $73.00, which is the next major resistance area.

WTI


Technology acts better, especially semiconductor names, and there is a cautionary feel with solid gains and flow into Utilities, Consume Staples, and Real Estate.  The market is mostly waiting on the jobs report and that could mean trading in a narrow range until Friday morning.

To see the chart, click here.