Off the Charts

The market continued higher today with all three indices closing the day positive. The Nasdaq led the way higher as it closed the day up 1.12%.

This is a tough spot in the market right now, as it is hard to initiate new buys at 1375 but it is just as hard to short. A strong close above 1375 could open the door to 1390-1405. The S&P 500 is trying to break out of the macro wedge pattern above 1375, but at this time of year it is hard to trust breakouts, as they tend to lead to breakout failures....814 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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