Daily Wrap

• Daily recap:  Materials and specifically energy led today as chaos in Iraq is increasing.  It's also worth noting Utilities are continuing to weaken, which is a good sign for stocks.

chart via finviz.com

• Breakout of the day:  X and AKS broke out of daily head and shoulders bottoms.  Not surprisingly, the two charts are nearly identical(as seen in the correlation pane on the bottom).  

• Cool read of the day:  HP is working on a project to increase computing power 6x.  Is this a reason to go buy HPQ right now?  I don't think so, but it's a great reminder that things will always keep changing in tech and open new possibilities we've never thought were possible.