Tuesday Market Wrap

cat rifle

For the day the SPX/DOW were -0.10%, and the NDX/NAZ were +0.35%. Bonds lost 17 ticks, Crude dropped $2.80, Gold fell $22, and the USD was higher.  Tomorrow: Factory orders and Auto sales by 10am, then the FED’s beige book at 2pm.

The market opened at a new high today, then immediately began to pullback.  Short term support is SPX 1991 and 1973 , with resistance at SPX 2006 and 2019.

We saw triggers today in the following stocks: FEYE, RCPT, & MTDR.

FEYE stopped right at its 50 day moving average today. The volume has been great and it looks higher.  See you in the morning.


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