Off the Charts
The S&P (SPY) hit a new high of 1524 early in today's session, but faded off highs and ultimately finished marginally positive only thanks to a last-gasp surge into the close. The Nasdaq closed the day up 0.33%, although it remains the weakest major index overall. The Dow finished the day down 0.26% as Deere's (DE) weakness from earnings weighed on the index along with continued weakness from Coca-Cola (KO) following its earnings.
There was a positive tone in the futures this morning following President Obama's State of the Union address last night but a lack of momentum during the session. All-in-all, it was another quiet day in the market, and compelling set-ups are becoming more scarce....792 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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