There isn't much change on the chart since yesterday. Conservatively I have the next target at about 1354, but that depends on where you put the bottom pivot point: you could put it as low 1330, which is where the last breakout was, which would put the upper point at nearly 1360. There are no signs of any resistance yet, as the market continues to go higher, based on what, I don't know. XLK is the leading sector this morning, with XLF and XLB close behind. XLP, XLU, and XLV are all lagging. The Nasdaq and Russell 2000 are both way out front. Oil and gold are up, treasury yields up and rising. The bulls appear to be in control.
I have 167 new highs so far, with breakouts in SANW, BWLD, GUID, INOD, RL, SNCR, RNR, and TWX. I have one report from last night, BWLD, up 13.9%. Reporting this morning: CKSW up 3.9%, and CYS down 0.4%. I had GRPN scheduled but they are reporting after the close.
