Wednesdaty Market Wrap

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Its been a pretty good week for stocks. Sellers have left the building and it doesn’t take much buying in a thin tape to move stocks around.   Short term support is at the 1973 and 1956 levels, with resistance at SPX 1989 and the 2019 level. Short term momentum dropped to neutral during this small pullback.

Biotech continues to lead and names like JAZZ, REGN, CELG and BIIB have had great weeks. The big four so to speak.

Half day of school tomorrow. See you in the morning.

Joe