Morning folks futures are gapping up here about 1/2 percent accross the board. OIL is tipping at 88.71 up about .5% also. Nat gas looks a bit weak. We had a decent rally overseas, some more tax cut news (its progressing) thats giving us a bit of a boost.
Not too much data getting reported today so we are in the clear on midday suprises.
We got resistance right above here at spx 1230 key level to watch. On the downside short term keep an eye on spx 1220 (yesterdays low) along with the 20dma underneath that for further protection
Price action been great last few days especially in smallcaps. Lot of stocks till breaking out. Got to respect that especially since the pullbacks have been so shallow.
Few stocks im watching today