All indices are opening slightly lower after huge break outs yesterday across the board. Stocks may need some time to digest this move before making another leg higher. Traders will be cautious buying new highs today, and possibly even looking for a short term pull back if stocks have trouble getting back to recent highs. Yesterday the markets saw breakouts in many commodity related names and the money appears to be rotating into this lagging sector. The coal, oil and agriculture chemical stocks have led the commodity group and may be buyable on this down open, but yesterday's high as the pivot point. Insurers, Casinos, and Solars will remain on our radar for today.
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