quantguy

Stocks Cling to Highs!!

Long
FX:SPX500   S&P 500 Index
Stocks are clinging to highs. We retraced slightly to 4521, but as we anticipated yesterday, this level, once a profit target has held, providing support. It will continue to do so, but a correction could take us back to 4505 or 4487. Our next profit target is 4564. The Kovach OBV is still strong, and if we see a particularly risk-on day at open, then we should easily be able to reach this target.

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