Markets displayed more muscle Tuesday as stocks bolted out of the gates, and for the most part retained the advance well. Volume did get the memo today, which is always a positive. The Nasdaq was the best performer of the day rising more than 1%. The S&P 500 is shaping up a nice week, although its early, as it is currently breaking away from the very tight trading it has recorded the last 4 weeks. The last 4 weekly closes have been within 4 handles of each other. Perhaps that was the tight, coiling action before lift off. Today did bring some more breakouts, although it seemed it should have been more. INXN took out a 25.12 flat base trigger. EVER took out a 15.93 double bottom trigger. Many more took out pivots, but did so on lackluster trade. Confirmation can come in the coming days, mirroring what UGI did today confirming Mondays 5 week tight trigger breakout from a 36.16 pivot point. Some to watch include CTSH, which eased past a 79.64 flat base pivot on soft volume. GCI advanced through a 20.71 flat base trigger as well on disapproving trade.
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