S&P 500 rises moderately in late afternoon trading, levels to watch

theflyonthewall.com

The index is near the highs of the session as the final hour of regular trading approaches. Yesterday's high of 1465.47 remains resistance. Support is at the session low of 1458.99. With the exception of Technology, weighed down largely by the negative move in Apple (AAPL), all sectors are trading in the green. The relative laggards are Consumer Staples and Consumer Discretionary. Energy, Materials, and the Financials are leaders on the upside. It is unlikely we will see strong moves before earnings season begins next week, barring unforeseen events.

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