Tuesday, January 5, 2010

Today's Market

Click for a larger image

A.) Prices broke through upside resistance today.

B.) the MACD has given a buy signal -- but it's a weak buy signal. The overall trajectory of the signal line is weak. Ideally, we'd like a far steeper line.

C.) The A/D line has been in a range while prices consolidated. The good news is that we haven't seen a big drop -- people have not sold en masse.