Tuesday, March 17, 2009

Today's Markets

Although the markets opened lower they continued higher for the rest of the day. Notice that prices advanced, then pulled back on a regular basis until at the end prices simply spiked higher on solid volume.

Although prices pulled back on Monday, they are right back into rally mode today.

This is looking like a rally. Notice the strong bars moving higher and the solid move through the SMAs. The only issue is the lack of solid volume compared with the sell-off of over the last few weeks. But, everything else is looking bullish right now.