Tuesday, September 29, 2009
US stock market update --- 9/29/09
My mid term view is still neutral. Nasadq once broke below 2020 and was able to close above it with small loss. $SPX found some support at 1057. Today's volume is slightly higher than yersterday's ( a strong up day) volume. $Vix holds above its daily 20MA/20EMA. We still can not rule out the possibility that top was formed on 9/23/09 unless Nasdadq breaks above 2040.
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