Wednesday, June 10, 2009

Morning Review 06/10/09


Not a whole lot to say about this morning's market. Just before the open, the market was treating the 0300 ET VWAP line as resistance, and the market just traded down after the open. Many of the big guns in the equity market decided to start liquidating their longs at the open. After the market traded below yesterday's high, it too became resistance. The market has currently found support just above yesterday's low.
Charles

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