Are you surprised that Brexit didn’t get the votes it needed? What a mess. I have no idea what ultimately happens, but at this point isn’t it worth holding a second referendum? Then again, who am I talk about UK politics?

I can tell you that the US stock market seemed unphased by the news.

S&P 500 (SPY)

Stocks continue to churn, going nowhere fast. We have now recouped all of the losses on the S&P 500 from the end of last week. The index finds itself in the familiar place of being stuck right around 2,800. The chart below shows again how the S&P continues to struggle.

Overall, it will take some news or event to trigger a sharp rise or a pullback in the market. Every dip to this point has been met with aggressive buying, while every attempt to get meaningfully over 2,800 has failed since the middle of February.

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Russell (IWM)

The Russell is slowly rising, with support at 1,540 and resistance at 1,562. It is hard to deny that overall trend does look lower. Just sayin’.

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Technology (XLK)

Technology names look pretty strong with the XLK nearing a potential break out should it rise above $73. The chart looks way better than the S&P 500 and Russell that’s for sure.

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Chipotle (CMG)

Chipotle had a sharp 2.25% rise today and may have finally signaled that break many had been looking for. The stock may be on its way to around $670.

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Alphabet (GOOGL)

Alphabet is breaking out, and the stock is coming to life with the next region of resistance around $1,225.

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JD

JD shares are rebounding after pulling back last week to around $26. It wasn’t an unexpected move lower given the stocks rapid rise. The shares would seem to be back on its way back to $29.50

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Boeing (BA)

Boeing continues to struggle as more countries ground the 737 MAX 8. For now, $371 continues to hold firm. The question is for how much longer? A break below the $370 level does send the stock sharply lower, to around $330.

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Amazon (AMZN)

Amazon continues to battle this overall downtrend, and to this point, it still hasn’t been able to rise above it.

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Facebook (FB)

Facebook continues to struggle at resistance as well and has been unable to rise above $173. My view has been for the stock to fill the gap at $148.

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That is going to be it for today. I Wish I had something more constructive to say, but I just don’t. Some days just go that way.