Whilst the broader market remains in moderate holiday chop mode, there is notable strength in the corporate giant of General Electric (GE), which has seen a decisive break above the late Dec'2015 high. If GE is a pre-cursor to the broader market, the bears are not going to be able to reverse things.
GE, daily
GE, monthly
Summary
Yes, its just one stock, but today's gains can't be ignored.
-
notable weakness, TVIX, lower by around -4% at the $5.00 threshold (not that such a threshold means very much for a leveraged instrument).
--
back at 3pm.......
