Our Modern family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase.  This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not been feeling right for months lagged with the prodigal son (KRE) regional banks, tanking -2.65% along with lower yields. The discontent within the family remains highlighted by the fact that Uncle Utilities has been performing better than the SPY for over a month.

Growth stocks continued to outperform value with Nasdaq 100 (QQQ) leading. Grandma retail was the second biggest percent gainer in our sector summary table today. If you’d like to learn more about the Grandma and the modern family click here.

If you have access to MarketGauge’s Triple Play indicators you should take a look at the strength in the price leadership line.

The biggest mover was Gold miners and metals in general which is not surprising considering the drop-in rates as Bonds yields reached the lowest levels today since last November.

Expect to hear more about both sectors here in the coming days and weeks.

I may have saved the best for last today….

If you attended our free training last week on explosive trade set ups that often hit their targets in the first day then you should be enthusiastically looking forward to tomorrow, because…

In short, today’s market action in the SPY was once again completely inside of yesterday’s trading range. This is now two consecutives inside days and this consolidation often leads to large trend days. The compression in IBB at new highs is also worth watching especially if the SPY breaks out to the upside of the inside day pattern.

If you missed the training that covers how to trade inside days, I’ve reopened access to it for tonight and tomorrow here.

S&P 500 (SPY) Yet another Inside day. Look for support at 245.75. Resistance at 247.30 and then needs to close well over 248 to get going, and watch the all-time high of 248.91.