Some Strength In The Indices Shown At The Close

There appears to be rotation from the NASDAQ and Russell into the Dow Industrials and Dow Transports. The latter are in a definite uptrend and have broken out of their consolidation. Going into the close today, the S&P attempted to break out as well. If there is follow-through tomorrow, it will be important for breadth to strengthen and for volume to begin to increase.

Employment numbers are out at 8:30 AM EST. Those numbers can have a big effect on the perception of value by the market.

Leave a Reply

Your email address will not be published.