Major averages rose on mixed volume, closing near the top of their trading ranges as they continue their uptrends. Of course, some digestion of recent gains would come as no surprise.
January producer prices increased 0.6% (est 0.3%) while core producer prices increased 0.4% (est 0.2%). European and US markets are nearly flat at the time of this writing.
Focus List Update
NVDA is forming a potential major top as it had a high volume, outside reversal day Friday then another down day on above average volume as it makes its way back to its 50-day moving average.
SQ also had a high volume, outside reversal day back to its 20-day line. SQ reports earnings on Feb 21.
QTNA had pocket pivot after having a volume dry-up period close to support.
FTNT continues to trade tight as it approaches its 10-day line.
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