Tuesday, December 1, 2009

12.01.09 - Shiny New Month Pop

Good economic readings combined with strong seasonality have provided us with a nice up move containing nearly all the components for a verified trend-day.  The only lacking component I'd say is an upward sloping A-D line, though it is certainly very net strong.  The VIX is down over 9% at the time of this writing.  Will the markets finally break out to new levels on this third attempt higher?  The choppy mild down-trend channel remains in tact for now.

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