Thursday, April 16, 2009

End of Day Review 04/16/09



We had a nice $TICK divergence between 1230 and 1245 ET to signal the market to test the 0930 ET open, which then acted as resistance. Near 1400 ET, the market bounced off the VWAP to then trade almost straight up toward the statistical limit for the day. It would have been nice to have a divergence at 1400 ET, but the market doesn't always give us one.



The Discretionary and Technical Stocks were the leaders today.
Charles

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