The markets were positive again today as yesterday's move seemed to signal the "all clear" to enter for the bulls. The Dow 30 was higher by 25, the S&P 500 added 11, and the Nasdaq 100 had the strongest day, up 66, or 1.05%. Going into Thursday investors will be looking at unemployment claims along with consumer spending for more economic guidance.
Activision Blizzard (NASDAQ: ATVI) popped to fresh, new highs today as news came out about their Call of Duty franchise. Shares were up 3.47%, helping to support the NASDAQ today in what was a strong day all around for tech names. Activision bulls enjoyed more of this year long uptrend which is now higher by almost 80%.
Netflix (NASDAQ: NFLX) was another tech name to enjoy a nice day today as shares popped 3.48%. Shares had been under pressure for the past month, and recently had been consolidating near the $165 area. Today's move pushes shares out of that range which technical traders will deem bullish in the short term.
Bank of America (NYSE: BAC) shares helped support the financial sector today (+1.75%) as Warren Buffett became the largest share holder of the stock following a conversion he just completed. Shares have been consolidating this year, trading in a range between $22 and $25.
Best Buy (NYSE: BBY) was on traders radar again today as shares continued their push lower. While shares were lower by 1.51%, technical traders noted the support area at the $53 level which seemed to slow the drop, at least for now. Though recently shares have been under pressure, for the year the retailer is still holding on to a 25% gain.