Nasdaq led the charge UP as the-leader ...other indices followed.....
S&P 500 went down to 881.46...not even close to much dreaded 875.....and made a U turn to close @ 910.33 near high of the day......there is a very good chance that we MAY take the recent high and go much HIGHER.....
Most of the techs were oversold as documented with RSI numbers.....so a rally was imminent...again around 70 RSI....keep a watchful eye....
AH Futures are as follows :
Dow <25.49>
S&P500 <2.63>
Nasdaq <3.06>
Market internals were strong......
Volume is typical of summer...so NOT an issue......
Many stocks are slated for breakout as per www.stockconsultant.com know about it & benefit from it....they give 6 free consult every 24 hours after 5PM......
There ARE many skeptics of market rally from 660 level...which is great for making higher highs...
Buying on weakness and selling near resistance is extremely profitable.
BLOG does NOT give buy or sell.
Saleem
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