Monday, April 5, 2010

04.05.10 - Monday Trend-Day Push

Although we are in the mid-day lull with strong resistance at SPY $118.85, internals are suggestive of trend day continuation.  The wild card is when and what the Federal Reserve comes out with from its special meeting today.  It was really something to see the ten-year rate tag 4% just a short while ago, no doubt responding to both recent economic reports and competition from equities on a day like this.  Catch up with holiday Rewind posts here:

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