Market Alert - To the Close

And . . . more consolidation, modest volatility. Stocks opened higher, rallied to the afternoon session, then spent the bulk of the afternoon giving back the gains. The net result? More consolidation of the break higher with no clear move either direction. That is not that bad for the upside, but it makes you have to sit and bide your time with some patience. Do you close the last of AMZN or NFLX? Well, we have already banked gain twice on those positions. That means we are letting the rest work to see if it can make a new break higher. For now, sluggish, slushy, etc.

SP500 2.15, 0.09%
NASDAQ -10.03, -0.14%
DJ30 148.01, 0.60%
SP400 -0.16%
RUTX +0.11%
SOX -0.25%

Going nowhere for now, just consolidating.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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