Tuesday, April 13, 2010

Title: 04/13 Morning Assessment: Sideways (Down)

The only yellow flag against a down trending day Today is the 5 EMA on the daily chart, trading around 1985 on NDX, this can provide some support. As I write this, we broke through the overnight lows are trading around 1985. FinViz is not bright red, another indication of sideways, not to mention the recent “resilient” bulls that keep bidding any time we trade slightly lower.

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