Off the Charts

The S&P 500 hit 1400 today, which it had not seen since June 2008. In fact, it's the first time ever that the Dow Jones Industrial Average has closed above 13,000, the Nasdaq closed above 3,000, and the S&P closed above 1,400 on the same day. This index is extended off of its moving averages and is a little overbought. There has been some nice, calculated action this week, and tomorrow is quadruple witching is tomorrow, which could provide some wacky action in stocks tomorrow.

S&P 500 Source: eSignal View Chart » View in New Window »

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