Tuesday, April 26, 2011

Stocks Move Into New High Ground


Stocks opened higher today and continued to rally throughout most of the day. In the above chart of the S&P500 you will notice that the market broke out of a triangle formation which projects much higher prices if  today's breakout holds.

Tomorrow we have the FOMC announcement around 12:30 PM  Eastern time so keep that in mind if you are trading.

3 comments:

ben said...

No volume.
How high do you expect this rally
to go?
There is almost a MACD and
stochastic divergence.

Anonymous said...

Kevin can you talk about the head and shoulders formation on the s&p and possible target

guillaume said...

The breakout In Stocks May Be A Bulltrap...

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