Overall, the today’s session was very quiet as the key indices spent the day in a slow advance. Intraday trading volume highlighted that , volume today was the highest of the week. All ten sectors registered gains.
Tomorrow, weekly Initial Claims will be released at 8:30 ET while the New Homes Sales report for March will cross at 10:00 ET (consensus 520K).
- Nasdaq Composite +6.3% YTD
- Russell 2000 +5.1% YTD
- S&P 500 +2.4% YTD
- Dow Jones Industrial Average +1.2% YTD
The Nasdaq is kicking it so far this year as you can see, so is the Russell 2000. The Dow and S&P though have some catching up to do.
AGEN (+3.5%) and MIFI ( +10.0%) acted well today. I took partial profits on both. New addition MBLY (added intraday) acted well today, broke out and popped$ .93 or 2%.
Please check the blog P&L as I have adjusted stops.
See you in the morning on the chat room.