Nice market today. With the NAZ and NDX both in confirmed uptrends it appears it’s just a matter of time before the SPX and DOW confirm as well. The SPX took back its 50 day moving average today and the DOW closed right at its 50 day. Short term support is at SPX 1964 and 1956, with resistance at 1973 and 1991.
We had three triggers from last night’s video today: SNSS, CELG and RARE
I took a few profits and adjusted some stops today, so check out the P&L.
So far a great start to the week, see you in the morning.