A slight pullback from the highs, as the S&P 500 tests a short term resistance level at 892 (i.e. 38% of this week's slide) and then slips slightly... For the most part, however, sellers remain on the sidelines as bullish-minded investors are encouraged by this morning's developments... Specifically, reassuring earnings pronouncements from the likes of Nike (NKE 44.26 +2.73) and Accenture (ACN 17.67 +0.13), combined with the absence of negative news headlines on the geopolitical and economic front have provided buyers the impetus to commit to long positions...
Strong participation from technology, retail, transportation, and financial has also fueled the market's climb higher... Financial, in particular, is benefitting from a Wall Street Journal report that suggests regulators are planning to announce today an agreement with the largest U.S. securities firms that would overhaul Wall Street research, effectively removing an overhang from the brokerages.. NYSE Adv/Dec 1854/896, Nasdaq Adv/Dec 1431/1133
@tradingman
nee, der kam aus USA und von Prudential Securities ;-)
Stox Dude