Wk15: Market Recap

13 Apr

Last week’s internals split the market in half. Notice how the Breadth and A/D Lines were stronger on the up days. This strength in the market was confirmed by a declining VIX that broke down and closed at the lows.
Back in week 11 we reported that a buy signal was printed on the Bullish Percent Index Point and Figure charts. That rally has continued nicely up to this current congestion zone of 805-875 on the S&P.

One Response to “Wk15: Market Recap”

  1. Joe Story April 13, 2009 at 6:19 am #

    The new link design really makes it easy for us to access your sources of information. Thanks for making it even easier for me to follow the markets, keep up to date on pertinent economic news, and refer back to past articles for confirmation of successful trading strategies.

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