The stock indices came closer to the pre-Wednesday highs and reversed. Growth indices are negative with SOX leading lower after XLNX received a double whammy of being downgraded and not having a takeout announced.
SP500 1.47, 0.06%
NASDAQ -3.98, -0.06%
DJ300 12.60, +0.06%
SP400 -0.29%
RUTX -0.34%
SOX -0.92%
The relevant action is not so much the why, but the what. Thus far the what is that the indices have not been able to take out the prior highs yet.
We banked some gain on NVDA, ZBRA, SOHU, looking at more depending upon the market action.
Picked up some MNST and it is for now holding its nice break higher.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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