Daily Wrap
DJIA –14.05 (-0.10%) to 13,881.93; S&P 500 -2.78 (-0.18%) to 1,500.18; NASDAQ +4.59 (+0.15%) to 3,154.30 I had to blink twice and rub my eyes but it was true that the S&P 500 closed lower. The Dow followed suit but AAPL finally having an up day helped the Nasdaq manage to eek out a small gain. Now before we get crazy, this was a near 3 point down day on the S&P after 8 straight days of moving higher. I have been looking for some consolidating which really hasn’t come to fruition. Any pullbacks still look to be greater opportunities…
Charts of Interest
Let’s take a look at some charts I am watching going into the next week. Deckers Outdoor (DECK): One of our more favorite trades as it had clear levels to trade against. I noted on Stock Twits (WSConsensus) that DECK could now be approaching initial resistance around $35 and would expect a pause to refresh and that quick traders could take some off to look to re-enter. Now the 20 Day SMA (green line) should be support and if you did lose some you could look to add. This one is a potential Long Term trade but we always take…