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The S&P 500 is in a funny place right now. On the chart I’ll show you in a second, it appears the market’s ready to make a breakout… or drop… by about 5%.
I won’t claim to have a crystal ball; it could go either way. That means we need to find a setup that’ll treat us right in either case.
I think we’re seeing something in the ongoing release of very mixed employment data that’s likely to point us in the right direction.
Tomorrow we’ll get confirmation of whether America’s still hiring, still growing and expanding… or beginning to slow down.
Consumer discretionary stocks are the key to this. Good data will tell us to play them one way, disappointing data will prompt us to use them in another.
Here’s where I think we’ll get the best results…
