A LITTLE SOMETHING FOR EVERYONE
I'll be updating the charts tonight. As I outlined over the weekend, the markets were in the mood for a breakout. They started the morning strong...ended with somewhat of a whimper, especially in the Nasdaq.
I have been focusing on the SOX, as it's a market leader. It did indeed hit the top end of the channel and pulled an ugly reversal today. Nasdaq followed, however, it did manage to close the day up...well off of its highs.
S&P did better...closing a bit off its highs.
I'll be going through some indexes, indicators and stocks tonight, as we're at an important point for the markets here.
