Wednesday, September 16, 2009

09.16.09 - Motoring Higher

Equity prices have broken out above their early October 2008 oscillations and look set to fill some of the gaps lower from September one year ago (SPY $110 anyone?). Internals are very strong and at trend-day levels, if you hadn't guessed.  52-week new highs are also expanding to levels not seen in years, as you would expect after the major extended decline.

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