New Session Highs
S&P futures put in a new session high at mid-day at 871.90, which may open the door for an eventual trade to 876.50. The market has a bullish tone as long as we maintain a trade over the 862-865 zone.
Nasdaq futures also put in a new high at 917. The semiconductor index (SOX), as we stated in the Morning Meeting, has made a come back after being beaten down. Above current levels, we have resistance up to 920.
For more information on the Morning Meeting, please see: