Markets @ new closing HIGHS !!!!!

Markets are showing an UP move which has BAFFLED most short term traders.

This market is showing NO SIGN of EUPHORIA with small UP moves on most days.

Markets are showing every SIGN of going much HIGHER in the NEAR TERM.

Most RETAIL traders are out of the markets because of FEAR of an imminent MAJOR CORRECTION.

It is also COMFORTING to hear that even INSTITUTIONS have lightened up.

The PERMA BULL of 2000 SLUMP Joe Battapaglia is extremely BEARISH.

So let us see where technicians are saying the next RESISTANCE is:

Dow Jones 13,350 ..........Todays Close 13,265.........
85 points away from Resistance

S&P 500 1553.................. Todays Close 1506...........
47 points away from Resistance

Nasdaq 2797..................... Todays Close 2572........
225 points away from Resistance

As far as I can interpret...... I still see Nasdaq picking UP strength and will pull all the other indices beyond stated resistance in the short term.

I will be identifying technically strong stocks on saturday post..

BLOG does not give buy or sell.BLOG is for educational purpose only.

Good luck on your trades.

Saleem