Market Recap for Monday, June 19, 2017
Technology (XLK, +1.48%), healthcare (XLV, +1.04%) and financials (XLF, +1.03%) led a broad-based rally on Monday that included seven of the nine sectors. Only energy (XLE, -0.63%) and the defensive utilities (XLU, -0.33%) failed to participate in the rally. While it was nice to see computer hardware ($DJUSCR) bounce off its rising 20 week EMA, I was much more closely watching the biotechs ($DJUSBT) for a significant breakout near 1800. Check these two charts out: