Tuesday, March 23, 2010

Yesterday's Market

With the SPYs, the main question is this: is (A) a quick forming pennant pattern as the index continues to move higher?

The IWCs have been a big mover. Notice the strength of today's bar. However, the technical indicators are sending mixed signals:

B.) The MACD has given a sell signal but the

C.) A/D is still moving higher.


The transports have broken an uptrend.