Stocks gapped higher and are holding the gains, at least growth. The recent leaders take a back seat today, e.g. WMT, JNJ. FB helped launch a growth move and some are good, e.g. DATA. VRSN and TTWO look interesting, but this is more of a rebound move at this point. No follow through yet, just a good relief move in progress thus far.
SP500 33.09, 1.23%
NASDQ 155.56, 2.17%
DJ30 276.57, 1.11%
SP400 0.38%
RUTX 0.66%
SOX 1.38%
NASDAQ 100 2.48%
Again, FB helping lead a growth rebound but the patterns on the whole are not that solid to begin with. after this move I anticipate stocks such as JNJ, WMT reasserting themselves.
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Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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