Thursday Market Wrap- I Guess I’ll Take It

{+++} It was about the weakest and most unconvincing closing all time high you will ever see, but I guess I’ll take it.  The SPX managed to close at 1854 today as it struggled mightily for hours it seemed at the 1850 level.

For the day the SPX/DOW were +0.50%, and the NDX/NAZ were +0.60%. Bonds gained 7 ticks, Crude slipped 30 cents, Gold added $1, and the USD was lower.  Short term support is at SPX 1851 and the 1841 level, with resistance at SPX 1859 and the 1869 level.

I made some partial sales today, so check the P&L for updates. See you in the morning.


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