A Closer Look

By |2012-01-16T21:08:56-05:00January 16th, 2012|Currencies, Markets|

This week of trading was once again categorized by low volume and solid technicals. The S&P 500 broke through resistance at the 1290 level and managed to hold the uptrend line, at least temporarily. In the longer-term, the picture is even brighter. The S&P 500 blasted through both the 50-week moving average and its downtrend line. From the looks of [...]