Markets gave up lukewarm early gains Thursday to CLOSE at session lows for the second straight day. The Nasdaq did find a small bounce at the round 5100 figure and for the week heading into Friday is lower by .1% after last weeks decent 1.3% advance. The S&P 500 also found support near its 2100 found figure, but did surrender its 50 day SMA. For the week it has declined .4%. Energy assumed its laggard role status, falling by 1% Thursday, losing the most of all 10 of the major S&P 500 sectors. Other sectors that were higher Thursday were the homebuilders shrugging off a weak tape and usually a good tell with that type of action. Wednesday LEN reported earnings and was up better than 4%. Thursday however the stock recorded a bearish gravestone doji although they tend to work better right at all time highs. NKE released its numbers after the close and at the time of writing was up 2%. Peer UA ignored a poor tape and rose 1% and is now honing in on a cup base pivot point of 88.25. Healthcare was pushed higher on the backs of the Supreme Court ruling today and we were lucky to be in a name that caught some tailwinds after the close. Below is how we profiled ZTS in last Wednesdays Game Plan which caught a bid from VRX and is up better than 11%.
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