Wednesday, February 17, 2010

02.17.10 - Momentum Carryover

Yesterday's strong momentum has carried over into this morning's session.  However, thus far currency action and moderate overbought readings appear to be keeping a lid on price action.  In fact, the Quad-Qs were able to fill their morning gap before popping back up to VWAP.  With the VIX trending down and internals net positive, I assume we close the day in the green.

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