Mixed Bag
S&Ps in a quiet late-morning trade after posting two hourly closes for the session at 1150 and 1147.20. We’ve seen a grinding trade all morning, with the market edging lower. Overall, we have a support zone from 1145.50 to 1144, and then an area from 1142 to 1138.
Nasdaq has found support between 1585 and 1590. More sellers in this market today, with key stocks moving lower. The Semiconductors Index is also off its highs.
On the upside, above 1607, we have a target of 1629.