Thursday, January 22, 2009

01.22.09 - Tick Attempting a Turn

Cumulative Tick is attempting to turn around at the mid-day as the S&P500 managed to find support near S1 ($81.50). If we can hold here, it would be a welcome second consecutive higher low [add: considering aftermarkets]. Cycle-trend traders are making a killing this week. Meanwhile, this continues to be a heavily news influenced market. Watch S1 and the VWAP closely (just pierced). GOOG on deck tonight. The whisper number is at $5.00 versus expectation at $4.25...

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