Thursday Market Wrap

{+++} For the day the SPX/DOW were +0.60%, and the NDX/NAZ were +0.60%. Bonds lost 7 ticks, Crude ended flat, Gold rallied $13, and the USD was higher.

Short term support remains at the 1828 level and SPX 1814, with resistance at 1841 and SPX 1851.

It was a good day for the market and all ten S&P sectors were positive which indicates incredibly strong technicals. Tough to top when breadth is so good. That 1850 level is still our big line in the sand. My bet is that we don’t make a run at new highs on a Friday, but you never know.

Some momentum names I’m watching include BIIB, CPRX, SPLK, and YELP. If I zero in on a specific name tomorrow, I’ll let you know.


Previous Post
What a World and What’s WhatsApp?
Next Post
Sunday Video

Recent Articles