Stocks Meet Resistance

As mentioned in our report yesterday, stocks have edged higher but are facing resistance at 3792. A red triangle on the KRI confirms resistance here. We are seeing support at 3749, after the pullback. The Kovach OBV has gained strength but has receded. If we can see another burst of momentum, we may make a run for the 3800's. If not, expect further support at 3714.