11 July 2013

SP 500 and NDX Futures Daily Charts - A Record High Close on the SP 500

Stocks were on a tear since late yesterday afternoon when Fed Chairman Bernanke said that the Fed will have to remain accommodative for the foreseeable future.

I believe that the SP 500 turned in a new closing high today.

Techs are appearing a bit stretched.  I would not get in front of this, since after all, its only money.