Stocks started lower, moved higher in slow, steady upside. Nothing spectacular at all, just a grind higher. Of course in the last 20 minutes or so there is some volatility with a big bar down at 3:45ET as the day's rebalancing takes effect.
SP500 10.27, 0.39%
NASDAQ 35.16, 0.49%
DJ30 61.65, 0.24%
SP400 0.28%
RUTX 0.36%
SOX -0.04%
NASDAQ 100 0.57%
None of the indices are making much headway and are still well below the 50 day MA as they fight their way back up from the selling. It is slow, but this is how the bases are rebuilt.
Picked up a bit more NFLX, looking at EPZM as well as it puts in a good break higher. SQ is coming to life again and looking at it as well. RHAT, AMZN, NVDA posting some pretty good gains as they help lead a move back up.
CPI out before the WED open and many are waiting to see the outcome, thus the somewhat quiet action, but low to high action nonetheless.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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