The stock indices faded the move to midday, selling through the penultimate hour. The last hour they rebounded to near the session highs, holding the gains picked up from midmorning to midday.
SP500 10.20, 0.485
NASDAQ 34.23, 0.66%
DJ30 84.16, 0.46%
SP400 0.39%
RUTX 0.56%
SOX 0.33%
JOLTS showed a second month of hires falling even as job openings remained at improved levels. The trend has not broken, but definitely hiring has slowed.
Oil: Closed 44.95, +0.13 in a bit of a relief move.
Bonds: Sold to 1.871% 10 year yield.
Stocks are up again, some moving to resistance, others moving just past resistance.
DJ30 has rallied through the 2015 high but has faded back to that level.
SP500 rallied to the 50 day SMA and has faded back slightly.
NASDAQ is up to the 50 day EMA, fading a break over that level.
SP400 moved through the September low but is still below the 50 day EMA.
We are looking at closing TREX downside. DIA is on the bubble but it is stuck at the 2015 high. Looking at Z as an upside position because it is looking really good.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm
Customer Support: http://investmenthouse.com/contact_us.php
No comments:
Post a Comment