Tuesday, June 15, 2010

Market Comment 06 15 10

The market was up sharply on Tuesday.



The S&P 500 index closed above its recent resistance level (1106) and above its 200 day moving average.  When the S&P crossed above the 200 day moving average (DMA) buying accellerated.  This market is clearly trading off techincals.

If the rally holds we will want to participate.


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