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Wednesday, November 13, 2013

Wednesday Morning Update


It looks like the market is starting ti crack here: support at 1762 was broken this morning, and i now have tentative support at 1756. The market is now in the process of reversing, however, and may be able to get back above 1762, but that is looking like a struggle right now. The sectors have leadership in XLV and XLP, but watch XLE, that has been moving up. XLU and XLV are bringing up the rear.  The Nasdaq and Russell 2000 are both about even. I have oil and gold up, treasury yields down.

I have 94 new highs so far, with breakouts in GSB, ESMC, AMOT, EJ, PEGA, WX, TARO, and KSS. I have reports from CSIQ, up 9.1%; EVOL, down 1.8%; and MDVN, down 2%.

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