A very muted session that saw stocks test lower, but after hitting lows midday, they have recovered. No, not a new break upside, but testing lower and recovering in a shakeout while still in the lateral moves.
SP500 1.25, 0.05%
NASDAQ 2.94, 0.05%
DJ30 -9.12, -0.04%
SP400 -0.20%
RUTX -0.24%
SOX -0.13%
So, while it was a sluggish, stuck in the mud session even with the House passing the ACA repeal and replacement, the patterns remain the same.
Some areas are a bit under pressure but are recovering as well. There is plenty of worry as oil closed lower again, but with the indices holding the line we have pretty much let positions run though we closed FOLD (folded I guess) and picked up positions on NOW.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm
PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.
Customer Support: http://investmenthouse.com/contact_us.php
No comments:
Post a Comment