Thursday, March 18, 2010

Stock Market Commentary: What Goes Up Must Go Higher

The S&P has closed higher in 12 of the last 14 sessions and I wouldn't be surprised if it made it 13 out of 15. Wednesday's close followed a second accumulation day in a row, so there is no obvious easing in demand.


The only index to offer a point of concern was the 'shooting star' for the Nasdaq 100. There was no accumulation registered for this index.


Even the Percentage of Nasdaq Stocks Making New Highs broke to new highs.

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For Thursday bears need to watch the Nasdaq 100 for possible leads. Bulls can expect more of the same!

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