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Wednesday, November 20, 2013

Wednesday Morning Update

We may have set up a new support level with yesterday's low, but the chart really doesn't fit the pivot points, so it is likely that will not be ultimate support. We have another round of economic reports this morning, most better than expected, but again, the market does not seem to be paying much attention. XLE is leading the sectors this morning, XLB is lagging, but there is not much distance between them. The Nasdaq and Russell 2000 are both leading slightly. I have oil. gold, and treasury yields all down.

I have 71 new highs so far, with breakouts in PLNR, MARK, ZHNE, LZB, ETE, and PCLN. I have a report drom CRMT, down  6.4%.

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