Monday, May 12, 2008

Morning Review - 05/12/08



$TICK Pivot trending higher, $TRIN's high is lower than its Friday low, and the NYSE Advance - Decline Line's ($ADD) low is higher than its Friday high.




And the 15 Stock Sector Analysis Indicator is making higher highs and lows. All signs of a market that is wanting to go higher.



Buyers waited until the market tested the overnight low, which was also in the middle of Friday's high volume area of support. The result was a "V" bottom for the morning session.

Charles

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