Monday Morning Update

What we have here the the classic "sell the news" event. last night the futures went screaming higher after the budget deal was announced last night (the details of which I don't know, or especially care), and the bg money was salivating at the prospect of selling into the spike up this morning. That is exactly what they did, and now they have made a real mess of the chart. I have a support level at 1283, which has so far held but don;t bet the farm on that, and a resistance level at 1303, giving us a nice 20 point range to play with. If 1283 does go, then it's back to the drawing board. XLB and XLE are the leading sectors this morning, XLV is lagging by a mile. Both the Nasdaq and Russell 2000 have a slight lead. Oil is up, gold down, and treasury yields are down big. This could be an interesting day. 

I have 52 new highs so far, with breakouts in PAET, ADUS, IIJI, QSII, MKTX, and EBTX. I have a bunch of stocks scheduled today, bonly one of them has actaully reported; CYOU, down 9.5%.