Nasdaq 100

The Nasdaq 100 was slightly negative during the day as well, but I think there's plenty of support at the 6400-level underneath, and that should continue to offer a nice buying opportunity. I think a bounce from there probably sends this market back towards the 6450 handle, and then eventually the 6500 level. I think given enough time, we are going to break out to the upside and continue to go much higher, as the 6500 level would be the gateway to a “buy-and-hold” scenario. Even if we do break down below the 6400 level, I think that there is plenty of support down below at the 6200 level. I believe that the overall uptrend continues now that we have tax cuts approved, and of course low interest rates continuing to push marks to the upside. We are in a nice up trending channel, so I think we are suddenly going to see more of the same.