Impressive…
An impressive performance for the S&Ps, trading above the psychologically important 1300-level.
In the late morning, S&Ps were at 1303, just off the highs. We have resistance at 1306-1307. The important support level, we believe, is at 1296.50. If we can stay above that level, this market is firm.
Strength in the Tech sector is also helping this market. NASDAQ inched over the 2000-level, trading at 2009. If we can sustain trading over this level, we think this market is headed higher.