Tuesday, October 13, 2009
Momentum Trending Intraday, Failing To Climb Higfher
Momentum is trending intraday on many stocks such as AAPL and JPM, but failing to gain higher ground. The short term outlook is consolidation, but the mid-term could stretch SPX to 1090, given the tech sector has room to climb higher in both monthly pivots and monthly fibs.
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