{+++} The S&P put in a marginal new intraday high today and closed just better than flat for the day. The Nasdaq was green as AAPL and GOOG lead the way for technology stocks. The financials (XLF) quietly made more new yearly highs and those charts look very good. The Russell 200o has completely recovered from its correction back in mid April and today put fresh closing highs. this is a very strong market right now.
To put things in prospective, for those that think they may have “missed” the move, take a look at the financial (weekly) chart below. As you can see, if the bulls stay in charge, there is long way to go to the upside.
Three stocks triggered for us today: QIHU, CRM and TBT
Hope you all had a good day and I’ll see you in the chat room in the morning.
Joe