Wednesday Market Wrap

{+++} It was an unbalanced day for the market, but as usual, individual stocks played. The DOW was the big winner, led by a bounce in IBM, but the SPX and the Russell were basically flat and the Nazzy was down led by the crushing of AAPL.

Tomorrow: weekly Jobless claims plus Export/Import prices at 8:30, then the Budget deficit at 2:00.

The market has its mojo back and I don”t see much stopping it this week. Those positive MACD cross ups on the DOW and S&P that I wrote about last week were good “tells” and the market followed.

Check the P&L for adjusted stp levels if you’re playing at home.

Have a great night and I’ll see you in the morning.

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