Stock Market Activity Picks Up

As we said last night, the activ­ity in the stock mar­ket should pick up today and we are see­ing that com­ing into the US open.  Volatil­ity is increasing.

Volatil­ity Increases

The Weis Wave shows buy­ers in good con­trol of the mar­ket.  Vol­ume is clearly com­ing into the upside.  We are com­ing into a struc­ture sup­ply point here, so we will see how the mar­ket responds to it.  There is news due shortly this morn­ing, too.  This could change the game, and the Weis Wave will pick that up quickly enough if it does.  But right now, buy­ers are dom­i­nant.  Key lev­els of sup­port now are 1292 — 1289 (highs of last two days) and, of course, 1283.50, which now becomes our line in the sand.