Tuesday, October 23, 2007

A Rarity

Posted by TraderMark at 10:18 AM TweetThis
This doesn't happen too often.

With breadth on the NYSE running 7:3 positive to negative and on NASDAQ 6:4, a quick check of the portfolio shows all 53 of my long positions positive; my only 3 negatives are of course the 3 UltraShorts as to be expected.

53 for 53!

If only every day could be like this ;)

Interestingly, just like that the S&P 500 and DJIA are now right back at their technical resistance levels (which they broke Friday); the 50 day moving average. NASDAQ is clearly above its 50 day moving average. So let's see if we have enough bullishness out there to get us pushed through - if so we can have a nice counter rally. If not, this would bode poorly for the near term market. I'm looking at 13,700 on the Dow, and 1513 on the S&P.

Posted by TraderMark at 10:18 AM

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