Wednesday Market Wrap

For the day the SPX/DOW were +0.60%, and the NDX/NAZ were +1.10%. Bonds gained 10 ticks, Crude gained 5 cents, Gold added $3, and the USD was higher. The market gapped up at the open for the second time this week and we cleared the SPX 1940 level and closed at 1946.

Please note the new support and resistance levels for SPX

Support 1929 and 1901

Resistance 1956 and 1973

Most of our stocks held in very well today and I added a few new stocks during the day.

NFLX 452

PLUG 5.80

BIOF 10.15

I realized after the recommendation that PLUG reports in the morning. So good luck to us all.

Biotech continues to act great (IBB) and the etf is right at an important downtrend line so watch for a breakout