Mid-Market Check-In with The King as S&P Slams All-Time Highs

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S&P Hits Record HighChecking in Wednesday, February 18, 2015 at about 10:29 A.M., EST, markets are somewhat sluggish off their ever impressive highs that we’ve been clocking. Most recently, the S&P closed at 2,100.34 but not before tagging an intra-day All-Time high for the index of 2,101.30. Today, the S&P is giving back some -6.28 points to about 2,094.06. The DOW is also down but near its all time highs as well. The DOW levels in today at 17,996.75 down -50.83 points. The DOW appears to be wrestling with the 18k level deciding whether traders will take it to the next level charging forward towards 20K like the Nikkei or whether we’ll back off taking some gains off the table. Meanwhile, the NASDAQ is also down -5.24 points coming in at 4,894.02.

Last night the Nikkei soared up +212.08 points to 18,199.17. The index appears to be eyeing up a strong move toward the 20K level analysts believe. The Hang Seng displayed modest gains up +47.20 points to 24,832.08. The FTSE 100 is down -20.92 points coming in at 6,877.21. The CAC 40 is up +35.76 points to 4,789.75. The German DAX is up +35.87 points to 10,931.49.

Oil is currently dropping .63 cents to $52.90/barrel. Many analysts believe this is a fabulous entry point to buy and hold oil if you have the ability. Personally, we cannot disagree.

Gold continues to flirt with $1,200/oz levels slipping down 2.80/oz to $1,208.60/oz. Silver is trying to move upward gaining three pennies an ounce today up to $16.49/oz. Platinum is down $5.60/oz to $1,172.40/oz. Palladium follows the downward trend to $780.60/oz down $3.60/oz today so far.

Some of the noteworthy Penny Stocks we’re keeping an eye on at CNA Finance and Stock Market Monitors www.StockMarketMonitors.com are THCZ which has recently made a tremendous selloff to the downside. We’re following to see if we’re making higher highs to continue this upward surge in this HEMP based stock. Also, GRCU has had much recent activity to the downside as well selling off major volume. Watch for this stock to make a nice kickback at some point.

As always over at Stock Market Monitors we’re keeping a watchful eye on the entire Marijuana based Penny Stock Sector along with other Hot Penny Stocks, Market Trends, Breaking stories, and other Juicy News. Follow us on Twitter at King Stock @MarketMonitors and FB at King Stock. Check out our blog and follow us at www.StockMarketMonitors.com.

 

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