MomentumOptionsTrading.com Afternoon Update for 4/17/2014
Market Mixed/ VIX Dips 13.50/ Profit Alert (APOL, RMBS)
2:25 pm (EST)
The bulls are trying to end the week with a clean sweep as we head into the final hours of trading. The market was mixed throughout the morning but the bulls continue to push upper layers of resistance as they try to regain the April momentum.
We are going to sit back and enjoy the rest of the action as we have a few trades that are up triple-digits and a portfolio showing strong gains for the year.
We have already started our homework for next week and the market is closed tomorrow for Good Friday.
The Dow is higher by 25 points to 16,450 while the S&P 500 is up 6 points to 1,868. The Nasdaq is gaining 20 points to 4,107 and the Russell 2000 is advancing 6 points to 1,168.
We will be back Sunday night with the Weekly Wrap and Monday morning with the Daily update. Until then, have a great weekend everyone!