As reporter for CNBC said: last two weeks flat or down days had light volume, and up days had heavy volume. But today looks like a neutral day. After seeing so much gain last two weeks, the market did reasonably well. If you are long this market, ypu shoule be happy enough.
It seems that NDX run to resistance at 1635 (today's high is 1/2 points away from 1635).. And the fact that NDX did not fall back to the gap (between 1600 and 1620) on third day may be a bullish sign for NDX.
Oil is in down trend. But unforntuately it did not help market too much. The down in oil also brought energy sector with it, putting some pressure on overall market.
But one of good signs for bulls is INTC and MSFT did very well today. If NDX can clear 1635, good days ahead.
It seems that NDX run to resistance at 1635 (today's high is 1/2 points away from 1635).. And the fact that NDX did not fall back to the gap (between 1600 and 1620) on third day may be a bullish sign for NDX.
Oil is in down trend. But unforntuately it did not help market too much. The down in oil also brought energy sector with it, putting some pressure on overall market.
But one of good signs for bulls is INTC and MSFT did very well today. If NDX can clear 1635, good days ahead.
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