Overall, the today’s session was very quiet as the key indices spent the day in a slow advance. Intraday trading volume highlighted that , volume today was the highest of the week.  All ten sectors registered gains.

Tomorrow, weekly Initial Claims will be released at 8:30 ET  while the New Homes Sales report for March will cross at 10:00 ET (consensus 520K).

  • Nasdaq Composite +6.3% YTD
  • Russell 2000 +5.1% YTD
  • S&P 500 +2.4% YTD
  • Dow Jones Industrial Average +1.2% YTD

The Nasdaq is kicking it so far this year as you can see, so is the Russell 2000. The Dow and S&P though have some catching up to do.

AGEN (+3.5%)   and MIFI ( +10.0%) acted well today.  I took partial profits on both.  New addition MBLY (added intraday) acted well today, broke out and popped$ .93 or 2%.

Please check the blog P&L as I have adjusted stops.

See you in the morning on the chat room.



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