Tuesday, February 16, 2010
hoping to see. That said, this move puts the index well into short-term overbought territory just as it looks to challenge its 20-day moving average above (say $109.30). How the market handles these technicals and the extent of any pullback will tell us just how safe this market is here. Certainly the news-cycle appears more constructive early-on in this holiday shortened week -- we'll see.
Posted at 12:38 PM