- broke strong resistance
- better vol than yesterday
- at another level of resistance
- closed at highs
NDX
- brokeout from resistance today
- looking strong
XLF
- broke big resistance, now at another important one
- volume still very light
RKH
- very longtime resistance was broken today
- at 50MA resistance
USO
- big up day with big volume...
- now has higher high and higher low
- highs was at slight resistance
VIX
- slicing right through every support
- intraday got a bounce from another level of possible strong support
A/D
- decent numbers for up day but not huge when looking at the issues
- volume though was very bullish...
- basically confirmed up day
Analysis: the boring sideways traded ended today with a huge rally on wall street...a breakout was seen on most charts and now are at some other resistances...but judging from today's move, the chances to break past the next resistance is very likely...like before, its still too early to start getting short...uptrend still intact...best thing to do is just hold longs and tighten stops...
Sectors:
best - tan, gdx, uga, oig, eem, uso, kol
worst - uup, (iwm, xrt, dba, mdy, xlu, iyk)
- definitely it was energy sectors that did the best...funny thing with today's rally is that iwm and mdy are amongst the worst performers...but as none of them were negative, its not too bearish of a sign...solar and gold mining companies are doing exceptionally well...
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