Daily Market Commentary: Bulls Start The Week Positively
($SOX)
via StockCharts.com
The S&P closed near the day's high, breaking two days of quiet trading.
($SPX)
via StockCharts.com
The Russell 2000 is trading in the middle of its rising channel, but relative strength has shifted away from small caps towards tech (more bearish).
($RUT)
via StockCharts.com
Although Tech is getting a little stretched with a potential shooting star for the Nasdaq 100.
($NDX)
via StockCharts.com
September's consolidation may be the buffer for a measured move in the Nasdaq and Nasdaq 100 (and S&P to a lesser degree). This could see the S&P touch 1,250 and the Nasdaq get to 2,585. Bulls maintain control of the market.
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