I think the most important level to watch here is the 200 day MA on the weekly chart of the SPX. As you can see, it previously failed at the 1219 level back in April and it has once again rallied up to this MA. Stochastics are overbought as it was back when it failed, but this market has been very resilient and rallied ahead. We will be able to tell in the next week or two if this market rallies hard through this or runs out of steam again. Stay tuned and be nimble!
SPRD had a very nice day today, breaking out above the $14.20 level on abnormal volume. As long as it can hold this level, it looks good!
AONE breaks out above the $9.65 level with abnormal volume. I like this to test the August highs at $11.50, as well as the 200 day MA.
SAPE continues to show strength as the rise in volume confirms the price uptick!
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