Monday, April 16, 2007 12:37:35 PM
Market breakouts and SPX 10yr TL Resistance
As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.
SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
http://www.traders-talk.com/mb2/index.php?showtopic=69092
Market volume is moderate even though it is not high level, showing a bit better volume, at the moment, than the ones during the last week average trading volume. Whether we will see higher volume into close as traders are buying or selling into close is a question; but even if major markets are breaking about, I doubt that traders will be heavily buying into close ahead of CPI number.
P/C ratio is not showing any abnormal activity.
As alerted, SPX has broken out, then it is, now, trading to SPX 10yr Resistance, ahead of CPI.
SPX breakout to 1468.62, Mid cap breakout to 877.16, OEX breakout to 672.46, $RUT 829.92 near breaking out.
NYA is continuing to trading up after the breakout which alerted that it was leading the other major markets.
http://www.traders-talk.com/mb2/index.php?showtopic=69092
Market volume is moderate even though it is not high level, showing a bit better volume, at the moment, than the ones during the last week average trading volume. Whether we will see higher volume into close as traders are buying or selling into close is a question; but even if major markets are breaking about, I doubt that traders will be heavily buying into close ahead of CPI number.
P/C ratio is not showing any abnormal activity.
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