By Chris Becker
While the Dow retreated slightly overnight, the S&P500 and NASDAQ both advanced to new record highs on the back of tech stocks, and a positive Asian lead. European stocks continued their resurgence as well, helped along by a stronger USD as Euro retreated to a two week low. Oil prices remained elevated while base metals on the LME lifted nearly 3%, gold remained steady.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite has continued its advance lifting nearly 0.5% to finally be above resistance at 3400 points, after slowing down in the latter half of last week. The next target is the false breakout at the 3430 area during November:
