Wang’s Happy Trading

New home sales data is holding the markets captive, at least for now. SOX really needs to come back up to inspire the markets. GOOG and AAPL are holding up well. Now that the intraday charts show a lot more room above, let’s see if the bulls can get something going in the late afternoon.

For the major indices, the upper BBs are within reach, and are also acting as barriers. If the markets get going in the afternoon, they might just catch the upper BBs and start to push it up. We’ll need to see some strong buying.