Volume looks as if it is tracking higher today though have to see how it holds at the close as the indices are flat to modestly higher with SOX leading the gains.
SP500 -1.28, -0.05%
NASDAQ 16.66, 0.27%
DJ30 10.29, 0.05%
SP400 0.15%
RUTX 0.34%
SOX 0.75%
SOX is up 8+ points, right at the next resistance level. Thus far it has continued its move higher to that resistance, logging 4 of 5 upside sessions.
Some good individual moves of course while many stocks are up modestly but not making any kind of breaks higher.
Stocks sold hard into midmorning on the story about Trump Jr. emails, but they have recovered the morning levels.
We like how TTWO, NKTR, SCHN NTES are acting. As for chips, we will see how they play out now that SOX is at next resistance.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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