Futures are pointing to a higher open to the week as equities look to add to gains from friday’s 'Job Report' induced rally.
Monday Morning Reads
Weekend Recap: How to Trade a SPY Breakout & AAPL Trade Analysis
With the S&P 500 sitting right near record highs this week will be the ultimate test of whether this market has the strength to rally. Personally I think that the market will have a failed breakout here (possible move up to 2150) and head lower. Given that we have not even started earning season I think that the risk is to the downside, however, given the current market climate until we see a reversal candle I will be looking for call plays. I will go over a few stocks that I am watching and what I will be watching for this week.
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