Stock market rotation continues to unfold as smaller cap stocks and cyclical stocks continue to out-perform large cap stocks.
With this in mind, we continue to monitor the S&P 500 Index as it trades near our MFU-4 (money flow unit) price target and MOB zone. This has us on alert for a pullback from this area.
There is a potential for some stock market volatility as well. At a minimum, caution is advised here.
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.