Friday, April 10, 2009

End of Day Review 04/09/09



The Financials led the broad market up in the afternoon session. Typically, where the Financials go, the broad market will soon follow.



Once the VWAP became support, notice how the market has a follow through 5-minute bar following the first up bar of a temporary correction.



The market may want to test the upper end of that large resistance zone.



We are still making higher highs and lows.



The day following a +30 day is typically breakeven at best, and may be a down day relative to the close of the previous day.
Charles


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