Daily Wrap

DJIA +180.85 (+1.21%) to 15,176.08; S&P 500 +23.84 (+1.48%) to 1,636.36; NASDAQ +36.76 (+1.26%) to 2,962.90 An second retest of the 50 day Moving Average proved to be a spring board sending the S&P 500 screaming higher on the day and of the major indices only second to the Russell 2000.  Helping today’s cause was two positive data point in economic news.  First the retail sales rose 0.6% when consensus expectations were 0.4% and then initial Unemployment claims came in at 334K when I had 354K as the estimate or a 20K beat.  What I am watching now is the 20 day SMA…