Click to Enlarge
Despite the lagging action of the NASDAQ, the recent new highs by the NYSE A/D line and a breakout by the transport stocks favors an upside resolution. A close in the S&P above the 1115 area should signal a rally to the 1150 area and take the Dow to 11,250. It would take a high-volume, sharply lower close to reverse the technical improvement.
Subscribe to MoneyShow’s daily investment newsletter Top Pros' Top Picks and get actionable advice from our top experts, including the hottest stocks to buy and sell, ETFs and funds for short- and long-term capital appreciation, and a wide variety of dividend-paying stocks set to deliver a steady stream of safe, reliable income.
Get an edge on the markets with our three-times-a-week trading newsletter, Trading Insights. Receive timely trade ideas covering stocks, options, futures, and more to keep you on the right side of the action. From trading basics to advanced strategies and high-probability set-ups, the insights you need from our all-star lineup of trading pros is delivered straight to your inbox.
