Thursday Morning Update

For the first time in about a week, the market looked like it was ready for a sharp pullback, but so far this morning has not. 1230 is now established as a resistance level, with 1210 as support and 1220 right in he middle. This morning the leading sector is XLE, followed by XLB and XLV. Lagging are XLF and XLU. The Nasdaq and Russell 2000 are both leading slightly. I have oil and gold down, treasury yields up. So far, I am mildly bullish.

I have 43 new highs so far, with breakouts in LQDT, CATM, AKRX, BFRS, and EGO. I have COO reporting last night, and is down 0.6%. JOSB was supposed to report this morning, but they reported yesterday and gained 8.5%.