Wednesday, October 11, 2017

Markets Sneak Higher

It wasn't a day for big moves but markets continued to post modest gains. The S&P registered an accumulation day on higher volume as technicals remain firm. The index is looking to accelerate beyond channel resistance, The Semiconductor Index keeps rolling with no overhead resistance.  These gains should help the Nasdaq and Nasdaq 100. Little in the way of technical resistance to consider The one potential trade for tomorrow is the Russell 2000. The index is showing an inside day to an inside day; swing trade a break of the high/lows with a stop on the flip side. For tomorrow, momentum traders can look to the $SPY and $COMPQ and trade in the direction of the trend (higher) while the $RUT trade is contingent on the break of the 2-day range.

You've now read my opinion, next read Douglas' blog. Learn More About Social Trading Just for Fun..

I did a post on this here

Let's see if it carries any credence.
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