Wednesday, July 28, 2010

Key Technical Points

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If this market wants to head higher several key technical points need to be met. As I type the Beige Book confirmed a sluggish economy. Next inline this Friday's  government report on GDP. The S&P 500 needs to close above the 100-ma, the Ten-year Treasury Note above the 50-ma, gold as per GLD under it's 200ma & the $VIX needs 2 days under it's 200ma of 23.38.

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