Tuesday Market Wrap

{+++} For the day the SPX/DOW were -0.30%, and the NDX/NAZ were -0.15%. Bonds gained 17 ticks, Crude rose $1.15, Gold rallied $20, and the USD was lower.

Levels to watch for  short term support are at the  SPX 1779  and 1746 level, with resistance at SPX 1810, 1818 and the 1828.

Here were the dollar winners today.

Here were the dollar losers today

The social media stocks acted well today as TWTR, FB, LNKD and YELP all added to gains.

SNDK triggered today.

GOOG and BIDU both made new all time highs. NFLX had a nice bounce back day.

Pretty much all the market sectors were lower today with the exception of gold and silver and some of the  material stocks.

CNBC reported tonight that Bernanke may start tapeing in December because the economy is getting better and the jobs number was better. I think its about time and more importantly I think the market does too, as futures are higher as I write.

I updated the P&L.  Have a great night and I’ll see you in the morning.





Previous Post
Stock Thoughts
Next Post
Let’s Move On

Recent Articles