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Writer's pictureJohn Falcone

Market Closes up for 4th day in a row

SPY closed at 410.97 +1.07%, QQQ closed at 310.74 +1.19%, IWM closed at 189.67 +1.21%, DIA closed at 323.57 +.71%. very nice continuation of upward bounce.


With all of them having price above the 100 DMA ( daily moving average) It would not surprise me that we continue up some more if the CPI numbers are better than expected. The next stop is the 200 DMA and if we cross that we just my get a rally that is not expected. We shall see! The lower indicators DMI, Stochastic, and MACD are showing more room to run.

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