Off the Charts
The market added to last week's gains despite the pull-in from highs in the last 30 minutes of the day as the S&P 500 found resistance at 1400. Tech led the way higher as the Nasdaq closed up 0.74%. The S&P and Dow both closed the day positive to break the nine-week losing streak for the Dow of closing red on a Monday.
The S&P is acting methodically as it continues to stair-step higher. The action in the indices was fairly lackluster, but there have been some decent setups in stocks across the board. Volume is very light at this time of year, so don't expect a lot of follow-through in your ideas. Most big companies have reported earnings, and there is not much economic data this week. August is typically the slowest month of the year and a time when most traders like to take a vacation....559 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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