23 December 2014

SP 500 and NDX Futures Daily Charts - Dow 18,000, Tech Divergent

The US GDP for Q3 was revised upwards to 5% based on higher than expected spending on healthcare.

Stocks had the usual upward bias, with the Dow being pushed towards a record close, with the 18,000 hats breaking out on the NYSE.

Techs were laggards most of the day.

Stock action seems heavy and sluggish, after this big run higher off the plunger earlier in the month.
Have a pleasant evening.