“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” ~ Sun Tzu
It is not uncommon to hear that nothing quite compares with the mad frenzy that is World Cup soccer. Nothing, perhaps, except for Wall Street, where degrees of both frenzy and madness can be as common as yellow cards dished out in the course of a fever-pitch match. Read more about ETF Periscope: World Cup Meets Wall Street
Sabrient’s SectorCast-ETF rankings are holding mostly steady; however, the continued fall in Consumer Discretionary against the other sector ETFs has suggested near-term weakness ahead for the markets – which has definitely played out since the minor top on June 21. 
We began the month of June with the S&P 500 at 1089. Today, it closed at 1074, leaving just two more days to gain the lost ground and turn the month positive. The Summer Solstice on June 21 marked the high point for the month, with an intraday high of 1131 and its sights set on the 50-day moving average above. What a difference a week makes. 
Which Way Wednesday - Fed Edition