Friday, August 14, 2009

Overnight Market Review 08/14/09

CPI at 0830 ET. Industrial Production at 0915 ET. Consumer Sentiment at 0955 ET.
The second half of August is statistically bullish going into the statistically bearish September market. For the short-term advance to continue, the market will have to break the 1016 barrier on increasing volume, and then hold as support. Currently, 1016 is resistance.

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