Well, things once again are moving along as discussed in my Market Forecast this weekend. On Monday, the market popped higher and pushed above the recent resistance levels. But, today, financials did not show much strength. Further, energy and mining stocks were weak again. So, the market stalled.
However, high-flyers are still flying. AAPL made another new all-time high, topping $630 intraday. MA and LULU both made new all-time highs as well. CMG was up almost $4. PCLN vaulted to almost $745, a new multi-year high! FFIV came close to touch $140/share and we locked an overnight double, including the day high:
As mentioned in my Sector Watch this weekend, biotechs are breaking out! BIIB recorded a new all-time high at $128.87 and should see $130+ soon. CELG was up +2.67%. VRTX added +3.26%. MDVN vaulted +6.59%. REGN jumped more than $4.
The Dow was down 64.94 points; SPX slipped 5.66 points; Nasdaq dropped 6.13 points:
BTK (biotech) was up +0.84%. Most other sectors were in the red. GDX (gold miners) lost 3.25%. XME (metals and mining) fell 2.21%. Both GLD (gold) and SLV (silver) went lower….