Monday, October 19, 2009

10.19.09 - Up, Up and Away


Lots of green on the screen to start off the new week, save Treasury Bond Rates and the beleaguered US Dollar.  Internals are showing impressive strength, though I note that the Advance - Decline line is taking a breather at the mid-day, and that daily time-frame momentum indicators are beginning to show mild divergences relative to price action.  It will be interesting to see if SPX 1,100 will provide any psychological cause for pause in this powerful up-trending market.  Why do I doubt that?

No comments: