Tuesday, April 28, 2009

Today's Markets

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The QQQQs are still the best performing average. Notice how they still have a decidedly upward sloping trajectory? Also note the bullish price/SMA orientation -- prices are above the SMAs, the shorter SMAs are above the longer SMAs and all the SMAs are moving higher. But the degree of the ascending line is slowing.



The SPYs and the IWMs are both having trough getting beyond key resistance levels. Both have broken key trendlines as well and are in general moving sideways right now.