THE FINAL NUMBERS
NEWS: The major indices were able to hold onto modest gains today after both testing negative territory and a mid-day rally. The Dow closed up 53 points or 0.4%. The S&P 500 gained 5 points or 0.4%. The NASDAQ had a solid day, adding 12 points or 0.5%.
THE BOTTOMLINE: The S&P 500 is sitting just below the important 1400 level and really close enough to consider it at the support/resistance area. As long as the index can hold in this area it proves nothing on the upside or downside. The next high volume move in either direction will be the first signal of the coming trend.
Looking at the PFG Breakout Scan at today’s close there were 141 stock/ETFs that made the cut and a few that caught my attention. A number of oil & gas stocks such a ...