Dow Jones Industrial Average: +132.79 or 1.29% at 10450.95
S&P 500 Index: +14.86 or 1.36% at 1106.24
NASDAQ Composite Index: +29.97 or 1.40% at 2176.01
NYSE Internals: 2347 Advance. 666 Decline.
We broke back above over 1100 today after holding some key support last week. Although the Dow was once again the only index to make a new high, it looks like our bullish counts may be coming into play. But there was no new high for the SPX or Nasdaq. No new low of the US Dollar or the VIX.
The H&S I posted about on Friday is still also in play for our bearish counts. Also since we did not make a new high on 2/3 major indices, the alternate bearish count still remains that we did in fact top at 1113.69 last week. Today's high was 1112.38.
Once again, there are not a lot of charts to post since both of my counts from last week are still in play, and the market virtually hasn't moved since last week. Volume also continues to be very low. Let's see what tomorrow's GPD numbers do. S&P Case-Shiller and Consumer Confidence also comes out. Most of these numbers are final revisions.
US Dollar was down. Crude Oil was flat, Gold was up. VIX was down again. Industrials were the strongest sector.
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