Markets rose today on budget negotiations coming from Washington and a measure of service-sector activity topped expectations. Tech stocks had a major slump today and apple tanked. We are still consolidating within the same range but if we get a good deal on the fiscal cliff out of Washington, we can see a decent rally. As we move into the end of the week, keep an eye out for the jobs and employment reports coming out tomorrow and Friday.
DJIA - +0.64%
SP500 - +0.16%
NASDAQ - -0.77%
The SP500 is still consolidating under the 50 DMA.
WATCHLIST FOR TOMORROW
COOL - break over
GPRE - break over
MIPS - consolidating right under resistance, looking for it to go
SMBL - consolidating right under major resistance
ZAZA - flagging over support, looking for the break
Good luck tomorrow!
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