Market Alert - To the Close

Stocks rallied off the open into midmorning and have held that move ever since in a range that has it 'Brexit ready.'

SP500 22.89, +1.10%
NASDAQ 65.79, 1.26%
DJ30 185.87, 1.05%
SP400 1.62%
RUTX 1.62%
SOX 2.44%

VOLUME: Running flat to 5% lower.

Most stocks are up, volume is not great in many, but we do see some we are looking at ahead of the close: ATW, SID, CENX. FFIV sports a good price move but has no volume.

The volume is a worry for new positions. Up in anticipation but again, if the UK stays, what is the new news that generates upside? Dodging a bullet is typically not reason to go all out when other bullets are flying.

Ah but the market does this near term. that is why we are looking at some positions in good stocks making moves on some volume. Perhaps it corrects out after the 'UK Stay' euphoria, but if we stick with good stocks in good sectors with good patterns, that has been a good buffer and a money maker.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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