Market Alert - To the Close

Looking at some solid breakouts by the stock indices and many plays are up and holding their gains toward the close. Many are touching higher target levels, but they are working quite well and not too interested in taking gain on the first day of a new market upside breakout.

SP500 17.31, 0.80%
NASDAQ 53.31, 1.03%
DJ30 180.76, 0.99%
SP400 0.95%
RUTX 1.47%
SOX 1.27%

Picked up some CPHD early, looking at some LHO as it is holding its gains. The option spread has improved from earlier this morning with the ask holding the same price but the bid moving up 1.45; still an 80 cent spread but not that horrid now.

Have not taken any gain on the AVGO position and it has hit the initial target. May lock in some of the 80+% option gain, but it too just cleared the June high on this 3-day move.



Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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