RUTX broke to a new all-time high and now it is a race to the close to see if it can hold it. Small caps, chips clearly lead the way with the second tier consisting of SP400, NASDAQ. A growth bias today.
SP500 7.11, 0.26%
NASDAQ 36.68, 0.49%
DJ30 17.40, 0.07%
SP400 0.55%
RUTX 0.99%
SOX 1.15%
Not exactly a further test, and even those indices that see a solid gain are not all surging past recent levels. That is pretty much the province of RUTX.
Not much new news on the session after the morning headlines. Political parties in Italy forged a compromise and now the country has a government.
Looking at SQ, RIG as possible entries.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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