The highly-anticipated new high for the S&P 500 was finally made last week as the 1576 level from 2007 was cleared with ease on a powerful Wednesday rally. The DJIA achieved the same feat of an all-time high, while the NAZ created new multi-year highs of its own. The more speculative RUT, however, once again lagged to send mixed messages to market participants. The big question now is whether the breakout can stick.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
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