Stocks carried the momentum from last week's rally. The SP 500 index closed this week at 979, up 4.1%, the Dow Jones Industrial Average increased 4.0% for the week, and the Nasdaq composite index gained 4.2%. The price movement of the S&P 500 index looked pretty good. The index climbed higher than the high it made in early June and the Stochastics is climbing again after 4 weeks of falling. From the chart, the next resistance level is at 1100.
Again Automotive and Technology are still the sectors to be in.
No comments:
Post a Comment