Technically all indices are trending UP.....
Nasdaq ABOVE 50 DMA....
S&P 500 kissing 50 DMA...
Dow ready to join the 50 DMA party on Monday !!!!!
Advancing stocks were leading by anywhere from 3 to 1 to almost 5 to 1....
New 52 wk lows SHRANK to lowest level in a long time......
It IS all happening because of faith in passage of stimulus package....which will be a turning point in investors/traders psychology !!!!!
By 10 AM Saturday ..I will list technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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