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XBI, OIH worth monitoring as 5-day trading range remains intact

Most of the world remains mixed ahead of tonight's Trump speech. Yields have backed up now for the 2nd straight day though still seeing flattening in the yield curve.  both crude and Gold lower, while little action in the US Dollar, though lower by nearly 0.50 vs Yen.  Equities continue to show evidence of sector rotation which is not being shown by the underlying indices-  But breakouts yesterday in XBI are constructive and strengthening in OIH, while some softening in the defensive sectors which strengthened last week.. Bottom line. key to watch yields and US Dollar after tonight's speech to gain some clues as to the timing of any potential tax cut and/or infrastructure spending plans-   XLI, XLY, XLF have not joined the S&P back at new highs, and these will be sectors to watch carefully along with Technology-  For today-  2361, then 2349-2351.. while on the upside-  2370 is key-  However, given that there's been no real move in excess of 1% for the last 50 so days.. Its tough to see this happen AHEAD of tonights speech, most likely and prices are only 6 ticks above closing prices from 5 trading days ago