Old economy vs new economy names
MSFT...puts in an ORH day with a close over 57.14.
Sustained price action over 57.43 resistance will lead to more gains.
SMH...have filled their gap @ 66.93. Sustained and closing price action above 67
will lead to more upside.
IBB…would need a close over 297.17 for an ORH day.
298 is resistance and today’s upside pivot.
Airlines have been bid all A.M.
REGN…Regeneron Pharm remains firm above its 200 DMA @ 409
General view is that this is not a week to chase price action in the Indices.