Dow Jones Industrial Average: +22.75 or 0.22% at 10388.90
S&P 500 Index: +6.06 or 0.55% at 1105.98
NASDAQ Composite Index: +21.21 or 0.98% at 2194.35
NYSE Internals: 2171 Advance. 870 Decline.
US Dollar: +1.16(1.56%) at 75.835 | Crude Oil: -.71(0.93%) at 75.74
Gold: -54.70(4.49%) at 1163.6 | VIX: -1.21(5.39%) at 21.25
The SPX once again made a new high at 1119 today. Coming within 3 points of the 50% fib retracement at 1122. But just like yesterday, after making a new high, we immediately sold off about 20 points before rallying again into the close. A pretty volatile day.
But we still are continuing the same pattern. The market is not near it's highs or lows. The candlestick continue to print as Shooting Stars, Doji's, Hammers or Hanging Mans. And once again, we are still closing in our range between 1090 and 1110. We haven't closed too far above or below that range for a long time now. It has been almost a month.
The US Dollar was also incredibly strong though, but that didn't seem to impact the markets negatively.
I will try and post more charts and info this weekend after I review over some of the wave counts.
0 comments:
Post a Comment