Morning Report – December 16, 2013
Stock futures are up sharply this morning. After looking through the indicators, I am not surprised that the futures are higher, but I am surprised that they are up as much as .50%.
On Friday, small-cap stocks held, the NASDAQ held above the 4000 level, and selling pressure was decreasing based upon the force 13 days histogram which appears in the second chart below. Advancing issues were greater than declining issues in the NASDAQ by a factor of 1.45 to 1. Even though red dominates the indicators in the warehouse views below, there was improvement in both the force 2 and 13 day indicators for the industry groups. Read full report