SP500, DJ30 led the session with RUTX negative. Not huge moves but SP500 and DJ30 are approaching the recent highs. Nothing really changing overall this session in terms of the patterns as the market digests the jobs report and the US/China back and forth on trade. We were not that interested in initiating new positions today, preferring to see if the moves can continue this coming week. Kind of anticlimactic after the jobs report and trade worries, but heading into a weekend that is not bad (recall last Friday).
Transports look interesting, financials bounced, materials not bad, many industrials firming in good patterns. As noted, there were not a lot of breakout moves, but these trade-worried stocks continue to sport good patterns and good resilience to each trade salvo.
SP500 13.13, 0.46%
NASDAQ 9.32, 0.12%
DJ30 136.42, 0.54%
SP400 0.26%
RUTX -0.52%
SOX 0.20%
NASDAQ 100 0.32%
Have a great weekend!
______________________________________
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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