Poised to Go Higher?

30 Nov

NASDAQ 3 Month Chart

This is the first time in a long time we’ve seen increasing volume on the rally after a decline. While a lot of this volume could be do t government intervention, it’s still a positive sign technically for the markets.

If you missed it, Reuters announced that “Major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.”

The stocks we”re trading haven’t changed, refer to the last couple of posts for those tickers.

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