Market Breakout
Kevin over at Kevin's Market Blog said it best on his Dow Theory watch; Dow followed Transports higher.
While the Semiconductors did their bit to support the Nasdaq 100 with a breakout of their own:
But there is the question as to what volatility (and fear) will do now there is a test of the 200-day MA? Will profit takers emerge? Or will the 200-day MA turn from support into resistance, thus supporting a more substantial rally than previous corrections in this indicator have given?
While the Semiconductors did their bit to support the Nasdaq 100 with a breakout of their own:
But there is the question as to what volatility (and fear) will do now there is a test of the 200-day MA? Will profit takers emerge? Or will the 200-day MA turn from support into resistance, thus supporting a more substantial rally than previous corrections in this indicator have given?
Labels: Market, Sentiment, Volatility
posted by Declan Fallon @ 5:17 PM
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