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Eyeing the month-end action



As we head into the weekly and monthly close, it's worth taking a look at two key levels. For the 1st four days, the SPH has been confined to a tight closing range. Keep this in mind as we get closer to week's end. A close above 1145.70 or below 1137.50 could be sending a message. Toddo noted the recent strength in the banks and the small caps and those charts are worth a look. As noted below, the banks posted a four day closing high and the small caps have held ground at the 50 day average. Keep an eye on these as we get closer to Friday's close.

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