Stocks are mixed with NASDAQ pushing again to a higher high and SOX has bounced off its 20 day MA test. Otherwise, the indices are basically status quo, still unable to push to new highs (outside of NASDAQ of course). NASDAQ is again helped by some of FAANG as well as NVDA and some other big names. Indeed, we picked up some NVDA earlier.
SP500 -5.38, -0.23%
NASDAQ 16.87, 0.31%
DJ30 -54.56, -0.27%
SP400 -0.62%
RUTX -0.56%
SOX 1.19%
Looking at some BABA and NTES ahead of the close, watching VMC as it holds at some prior lows in the pattern. Don't like JEC's action and likely close it.
Kind of a sluggish session again as the new year is holding gains but thus far does not have the appetite to power ahead overall.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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