9/16/2026 Recap: Interest rates raised. Now what?
- We got the telegraphed .25 rate hike
- Interesting to see $XLE $XOP $OIH all close in the red. Refiners do not seem to care
- $XLF under some big pressure losing the 50sma
- $SPY looks like broken structure for now. $QQQ surprising to see close in the green.
- $GLD $SLV both lower on the dollar rising.
- $CIBR nice action from cybersecurity names. $CRWD $PANW $OKTA $RBRK
- $SPCX sticking to that $150 level. Do we see some follow through soon?
- $MAGS still has a constructive base. Can that group finally get going.
- $XBI former leading group coming under more pressure.
- Doing less here with smaller size feels like the right idea. Even if we bounce we have overhead supply to deal with.
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