Tuesday, June 23, 2009

06.23.09 - Bear Test & Bull Pop

After a follow through slide into the first half of the morning, the markets rejected the move as overshoot and began to rise, now well above VWAP. Most indicators are running sideways though we just now put in new tick highs and the A-D line continues to recover to the upside. It seems that alot will be hanging on the FOMC statement tomorrow.

Lastly, after enjoying Yong Pan's daily missives for a couple of months now, I have added Cobra's Market View to ye old blog roll for his consistently well thought out, comprehensive, and yet concise daily summaries.

No comments: