Through Resistance
S&Ps made a new high for the day as the market broke above the 893.50 to 894 resistance level. As we said in the Morning Meeting, the market needed to get above – and stay above – this level in order to get the upside moving. The target now is the psychological important 899 to 901 level.
Nasdaq futures consolidating just off the highs of the session as we see strength in the Semiconductors. However, we need a move above 1010 to get any momentum gong today.