Relatively flat day in the markets today. During the morning the markets were trending up but when Bernanke spoke we lost momentum and switched to the downside. We recovered late afternoon and then ended green at the end of the day.
Down Industrials - -0.06%
SP500 - +0.07%
NASDAQ - +0.02%
Looks like markets going to hang around this area because the 1400 1410 area looks like a strong resistance. I don't see it breaking that area like I mentioned yesterday.
Data including jobless claims and PMI manufacturing index are being released before the market open tomorrow. This data including other data (consumer sentiment and leading indicators) could decide the direction of the market tomorrow for the most part.
ODP - I am still keeping this on my radar looking for the break over about 3.03
BCRX - looking for it to fill the gap
CLWR - break of the range
PRMW - looking for the breakout of this range
Good luck!
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