GAP UP – like yesterday lets see if there is follow up
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In pre-market trading positive momentum from yesterday continues in stocks. Strong resistance is ahead. How stocks behave at the resistance level will be very telling.
Durable Goods ex Transports came at 0.2% vs. 0.3% consensus.
Gold, oil, and interest rates are range bound.
Gold futures are at $1312, silver futures are at $20.05, and oil futures are $99.78.
S&P 500 resistance levels are 1875, 1900, and 1925; support levels are 1850, 1837, and 1825.
DJIA futures are up 78 points.
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