Monday, April 12, 2010

Stock Market Commentary: Lingers at Friday's Highs

Very little change other than a successful defense of Friday's highs. For the S&P there was a flattening of the MACD but other technicals were able to inch higher



The Nasdaq had its third day of lower volume gains, but it wasn't enough to reverse the MACD trigger 'sell'



The semiconductor index made a better fist of it, but the gap breakout closed with a bearish shooting star as the MACD rolls a top.



What can tomorrow offer? Three days of ever lower volume gains suggests there will not be a fourth.

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