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

To: Johnny Canuck who wrote (49117)	1/25/2013 12:47:30 AM
From: Johnny Canuck	1 Recommendation Read Replies (1) \| Respond to of 68187

Above average volume on the SP500, but the index was unable to close above the high close of the previous day. So far this is on back and filling while the current bull move to a new high is absorbed. The DOW on the other hand set a new high on decent volume. DOW transports confirming the move as it gapped higher on accelerated volume. COMPQ still going no where. AAPL poor earnings especially weighing on the index. Russell 2000 looking to be consolidating the current move upward. FInancials setting a new high on accelerated volume.Delayed reaction to WFC earnings? The index is indicating traders are willing to ignore any issues with the banks and brokerages for now. Energy sector still struggling to set a new high. For now the momentum is up. It needs to break to a new high soon though or it will fall under its own weigh. Gold still on a sell signal. Natural gas back to the #.40 support area which was resistance previously