Nasdaq Composite +4.6% YTD
S&P 500 +2.8% YTD
Dow Jones Industrial Average +2.3% YTD
Russell 2000 +1.0% YTD
NYSE Vol: 864 M
Nasdaq Vol: 2.7 B
Key U.S. News:
EIA Crude Oil Inventories
With the market hitting new highs in early action yesterday, it provided belief we could see strength from here but stocks lost steam throughout the day.
There was no reason for the lack of continuation in terms of news. Better than expected home sales for December provided a catalyst but the market did not sustain the upbeat mood as the day went on.
Depending on how Futures is later today, it might be best to stand aside and wait for new set ups in case the market takes a little rest form here.
Lets go trade!