Powerful action this week in both the Nasdaq and S&P 500 makes the resistance from 2008 the next major barrier. The McClellan Summation Index is positive on both, but still looks stronger on the Nasdaq, which is now close to the 2008 highs at 2550. There is further resistance at 2650-2700. Now that the S&P 500 has cleared 1200, the next band of resistance is at 1265-1315. The S&P is well below the 2008 highs at 1425.
Nasdaq, S&P Continue Higher
Top Pros’ Top Picks (Daily)
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.
Trading Insights (Weekly)
Get an edge on the markets with our weekly trading newsletter, Trading Insights, and 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.
Virtual Learning Letter (Weekly)
The stock market offers virtually any combination of long-term opportunities for growth and income, as well as short-term investments for trading gains. MoneyShow’s weekly Virtual Learning Letter showcases a variety of on-demand webcasts and video market commentary by top financial experts covering the hottest financial topics each week.