|
|
Article: FirstAlert(tm) Daily 9/23: Did The Bulls Get A Gift?
- Article from:
- Investrend
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Sep 23, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/09/23/firstalerttm-daily-923-did-the-bulls-get-a-gift/)
- Technical Commentary -
September 23, 2009 (FinancialWire) (By Dr. Joe Duarte) -- The S&P SPDR ETF (NYSE: SPY) and the S&P 500 Index (SPX) got a nice boost on 9-22 as both made new highs from the March bottom. The question for investors is whether Monday's pause was enough to launch another up leg in the stock market or whether the market will go into some kind of consolidation or correction.
If you look at the indicators that have been carrying the day for the rally, the answer seems ...