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Article: FirstAlert(tm) Daily 9/11: Stock Market Breaks Out.
- Article from:
- Investrend
- Article date:
- September 11, 2009
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Sep 11, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/09/11/firstalerttm-daily-911-stock-market-breaks-out/)
- Technical Commentary -
September 11, 2009 (FinancialWire) (By Frank Kollar) -- Both the S&P Deposit Receipts (NYSE: SPY) and Powershares QQQ Trust (NASDAQ: QQQQ) are now at new rally as well as new 2009 closing highs.
This first week after Labor Day is when vacations end and traders are back in business. So when the first three days of trading result in substantial gains, you sit up and take notice.
The rally really started last week when the major indexes rallied and erased ...