Off the Charts
The S&P 500 closed at new highs of the year, up 0.20%. The euro closed at a two-month high today as traders were hopeful for a resolution to the Greek deal. Today, the strength was in the indices more so than individual stocks. This is tricky spot in the market right now as it is trending higher; it has reached our first-quarter target already and is starting to get a bit too extended from the moving averages. It's tough to add to longs that are extended, however, shorting support in this strong market is painful. Continue to stay with the trend and rotate through sectors as there has been good action so far this year.SPY Source: eSignal View Chart » View in New Window »
Stocks showing relative strength...496 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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