Thursday, June 18, 2009

Morning Review 06/18/09




Just didn't have a good feel for the market this morning. The market got a good bounce to the upside on economic reports that it apparently liked, but found resistance near yesterday's high. Didn't see good $TICK divergent signals today. Financials are doing pretty good, and VIX is trying to go back into bullish territory, but Energy and Technology are weak. So far, there is resistance at yesterday's high and support at the VWAP line.
Charles

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