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Thursday, February 16, 2017

Market Alert - To the Close

Sluggish session trading around flat line, and rallying in the past 1.5 hours to make it so.

SP500 -2.6, -0.11%
NASDAQ -6.35, -0.11%
DJ30 4.93, 0.02%
SP400 -0.13%
RUTX -0.47%
SOX flat

Some good movers of course, e.g. NTES, RS, XLNX -- again good movers from good sectors.

We took some gain on NFLX again, left some to continue working and it is doing just that.

As for new entries, we are looking at CRMD as it shows a doji on the 10 day EMA, but very light trade today. May pick up a partial.

Kind of sluggish and heavy, but still not many hard breaks downside.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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