The market had another nice day today. With the S&P 500 breaking key resistance and settling just under 1375, this is our next marker point for higher highs. The NASDSAQ is still in its rising channel but looks decent with today's accumulation session.
So far so good for earnings season as financial stocks continue to navigate OK, despite weak earnings, thanks to the dramatically lowered expectations. Bespoke had a great chart highlighting the current weakness of technology. Only 23.9% of S&P 500 tech stocks are trading above their 50 day moving average.
Updated market indices below. Stay frosty out there.
