Monday Market Wrap

{+++} Today was fairly choppy, and although there were some movers here and there it was a little tougher to make money. For the day the SPX/DOW were -0.15%, and the NDX/NAZ were mixed. Bonds gained 4 ticks, Crude lost $1.50, Gold added $1, and the USD was higher.

Short term support is at the 1869 level and SPX 1859, with resistance at SPX 1884 and the 1901. The SPX stopped today at the main pivot almost to the penny.

HIMX finally had a strong breakout with volume today and OGXI also had a nice breakout on good volume.

Hopefully the biotechs can snap back in unison soon and some names I like a lot are: CARA (on this pullback), and CNCE which I mentioned today on the chat room.

See you in the morning.

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