Monday Market Wrap

{+++} For the day the SPX/DOW were -0.25%, and the NDX/NAZ were -0.15%. Bonds ended flat, Crude rallied 85 cents, Gold rose $2, and the USD was lower.  Tomorrow: the CPI at 8:30, FHFA housing at 9am, then Existing home sales at 10am.  Short term support is at 1973 and 1956 , with resistance at SPX 1986 and 2019.

The S&P opened about 10 handles lower then managed to rally back by the end of the day.  The Russell 2000 didn’t do much today, but it actually put in a bullish inside day after Friday’s rebound. I added TNA to the P&L midday.

BIIB and PLUG also triggered today.

PLUG had a massive high volume breakout today.  Hopefully we can get a strong follow through day in the morning.

See you in the morning

Joe