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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (49087)	1/22/2013 2:33:31 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70695

All indices setting new highs except the COMPQ which continues to lag. The big concern right now is the lack of volume. It may just be due to traders returning late from the long weekend, but volume needs to pick up tomorrow. The rally is across all sectors. Even the oil sector looks like it might test and new high after being a laggard the last few months. The problem with such as broad based rally is where does the money go next and there are no sectors to rotate into. COMPQ short term direction will be determined by AAPL earnings on Wednesday and indirectly to IBM earnings after the close today.