Market Alert - To the Close

The upside breaks are holding though many are off their highs, e.g. GOOG. There are also some good new breaks higher, e.g. HUBS and NTES, but HUBS earnings are 11/1 and NTES is right at the 200 day; still time to enter it if it continues upside next week. As noted earlier, not really wanting to be a buyer on a day like this but will wait for some tests or see if some good breaks are holding next week.

As for existing positions, we are letting them run; pretty solid session and we can afford to see if it has some legs.

NASDA +2.2%
SOX 2.1%
RUTX 0.6%

That tells the story.

Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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