It was an impressive way to end the quarter as the market internals were strong for the second day in a row. The strong A/D readings last Friday indicated bullish action on Monday with the Dow Transports and small caps leading the way as they were up 1.6% to 1.8%. The NYSE Advance/Decline, as well as the S&P 500 A/D line both closed at new highs on Monday, which supports even higher prices. The completion of March's trading range in the S&P 500 projects a move to the 1925-1934 area. The McClella...
It was an impressive way to end the quarter as the market internals were strong for the second day in a row. The strong A/D readings last Friday indicated bullish action on Monday with the Dow Transports and small caps leading the way as they were up 1.6% to 1.8%. The NYSE Advance/Decline, as well as the S&P 500 A/D line both closed at new highs on Monday, which supports even higher prices. The completion of March's trading range in the S&P 500 projects a move to the 1925-1934 area. The McClella...
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