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S&P 500
5,221.42
(
-0.02%
)
US TECH 100
17,716.80
(
0.19%
)
Dow Jones
39,431.51
(
-0.21%
)
Brent Oil
83.26
(
0.05%
)
Bitcoin
62,389.84
(
-0.82%
)
Post# of 110231
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dexprs

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dexprs

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Re: None

Wednesday, 01/17/2018 1:13:40 PM

Wednesday, January 17, 2018 1:13:40 PM

Post# of 110231
Technical Take: S&P 500 moves moderately higher, sector breadth mixed (TheFlyOnTheWall)
THE FLY 9:52 AM ET 1/17/2018
The S&P 500 (SPX) was last fractionally higher on the day at 2780.29. This is an important support area, with next support in the band of 2770-2765. Resistance is at the 2785-2790 area. Sector breadth while not negative is mixed. Leadership on the upside is currently from Consumer Staples (XLP), Health Care (XLV), and Technology (XLK). The Financials (XLF) have turned red with Energy (XLE) now fading to negative along with the Industrials (XLI). There has been a bounce-back after yesterday's sharp sell-off in both the Retail (XRT) and Biotech (XBI) sub-sectors.
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