April 24, 2024

Daily Wrap

DJIA +207.65 (+1.65%) 12,795.96;  S&P 500 +27.01 (+1.99%) 1,386.89;  NASDAQ +62.94 (+2.21%) 2,916.07 Today was a classic “Gap and Go” day where the markets started higher and continued higher for the remainder.  The S&P 500 is just getting into the range we were looking for on a bounce.  While upside should now be tempered, this is also a holiday trading week and in low volume weeks the market can have a tendency to drift higher.  I still would expect the 20 day MA to be resistance and a potential shorting opportunity for quick traders. The stocks making moves today, ummm,…