After the week's Fed speak, CPI data for June arrives on Thursday.
As SMG approaches chart resistance, take some profits and then raise or enter sell-stop protection at $90 and try to sell the balance of longs close to $120.
Let's review the charts.
It's the kind of action that makes the markets interesting in a New Year.
Prior resistance at $21.50 may now possibly function as support.
At the very end of December, the shorter of the two downtrend lines was violated suggesting a possible reversal at hand.
Entercom Communications, W.R. Grace, Newmark Group and a few airlines are seeing insider purchases.
All of these companies have been hammered to a varying degree during the year but trade at reasonable forward valuations.
Put Cabot on your shopping list.
Kraft Heinz and DowDuPont spinoff Chemours offer attractive dividends and value potential.