Karpel’s Corner: Industrials bounce with the move in $GE

Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!

The small caps are holding, with the $IWM still lagging but not under pressure.

Not only are industrials ($XLI) bouncing, but they are getting ready to break upside resistance. The main catalyst is the move in $GE, which is the largest of that index.

One note for bond traders: The yield curve is converging. We need to keep an eye on this move, going long ten-year vs. short 30-year could be in play.

I will have more to come on some other pairs trades.

See you next time at the Corner!