Oh, The Quiet
The quiet continues this morning as little interest is being seen across the equity index complex. Both the SPH and NDH continue to be held in check, and volume is running at very light levels in the pit.
I think one of the keys to the rest of the session will be if the SOX can hold above the 658 level and if stocks such as
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JNPR |
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PowerRating),
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VRTS |
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PowerRating),
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CHKP |
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PowerRating) and
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CIEN |
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PowerRating) can build on gains being seen. If this happens, look for the NDH to trade 2550. If it does not, look for more downside probing, possibly to the 2380 level. However, given these ranges, this estimate may be seen in the next few sessions.
As for the SPH, it’s a local-dominated session. Very little reason to be involved as we mark time in the 1350s.