Thursday Market Wrap

{+++} For the day the SPX/DOW were -0.50%, and the NDX/NAZ were -0.20%. Bonds lost 10 ticks, Crude was flat, Gold dropped $25, and the USD was higher. The Russell 2000 was barely green.

Here are some important levels to circle.  Short term support drops to SPX 1746 and SPX 1730, with resistance now at the 1779 pivot and SPX 1814. 

Here were some big dollar gainers today.

Here were some big dollar losers today.

The Dow Jones did the worst today and it was more of a stock pickers market today.

NFLX had a great day and I added YELP as a new buy today. SNDK stopped out.

The bears are starting to talk the talk again, and all  I heard today is that we have to drop another 30-50 handles lower before we resume the upswing. It could happen, so watch your stops. I tightened things up a bit tonight just in case, so check the P&L if you are following at home.

Have a good evening. Tomorrow is Friday.




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