Episode 36: The indexes were all up in above average volume breaking through their 200 day moving average- excellent example of a follow through day. Watch for action around the 50 dma- will it act as resistance? Or can the market break through to close out the year with new highs?
Near term trends to consider- stronger dollar (weak Europe), low interest rates, low oil. Need to be cautious about global slowdown, debt loan on PIGS & other nations, China’s slowdown & real estate bubble. Midterm elections in November are still a wildcard.
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