Monday Market Wrap

{+++}For the day the SPX/DOW were +0.65%, and the NDX/NAZ were +0.65%. Bonds lost 4 ticks, Crude rose 40 cents, Gold rallied $14, and the USD was lower. The NDX/NAZ both made new highs for the year, but the DOW was still about 300 points shy of a new high.

I’m a little concerned that the SPX couldn’t hold the 1850 level on the close after tagging a high of 1858.  Maybe its nothing, but at around 3PM we started the beginning of a 10 point retracement to close at 1847.  Right now futures are flat.

SGMO, SALE, LXFT and KERX all triggered today.

We’ll find out soon if we put in a short term top today or not.

See you in the morning.


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