Wednesday, March 17, 2010

Yesterday's Market

A.) Prices have moved above resistance

B.) The EMAs are bullish -- the shorter are above the longer, all the EMAs are moving higher and prices are above the EMAs

C.) Momentum is increasing and

D.) Money is flowing into the stock.

In the two charts below, note the same patterns mentioned above with the exception of the OEFs' price. Wisth the OEF, note that finally the large caps are looking to break above resistance. This is in stark contrast to the small and medium caps which are already above these levels.