The Dow!
The Dow cash finally broke above 11,000, a target that this market has long been looking for, and is now trading just below at 10,999.
It’s too soon to tell whether or not this is the breakout that the bulls have been hoping for, but it is a positive sign for the market.
S&Ps are now trading at 1265 after reaching the upside objective of 1268. Earlier, steady buying brought this market up through the neutral zone at 1253.50-1257.50.
A nice rally in the NASDAQ this morning, with a high of 1848. Now trading around 1833. However, in the mid-day, we’re seeing a decline in volatility as lunch-time approaches.
Firmness in the second-tier NASDAQ stocks is clearly helping this market. Now, the test will be what the afternoon brings.