Off the Charts

The market spent most of the day in negative territory but an afternoon rally helped take the indices positive into the close. The S&P (SPY) is now once again within spitting distance of the recent highs of 1530 as it continues to build the upper level wedge. The S&P led the way today, finishing up 0.46%.

There continues to be a bid in this market. Today we saw best-in-breed stocks Google (GOOG) and LinkedIn (LNKD) extend to new all-time highs once again, while Salesforce (CRM) is quietly at new all-time highs as well following a strong earnings report last Thursday. The financials continue to hold up, the retail sector woke-up in the last couple of sessions and the homebuilders and industrials remain strong....634 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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