Reply #51: 2:25 Pump it up baby!!!! (outdated blather)

[54anickel]

Dow 10,181.00 +82.37 (+0.82%)
Nasdaq 1,858.45 +21.56 (+1.17%)
S&P 500 1,104.64 +8.45 (+0.77%)
10-yr Bond 4.25% -0.033
30-yr Bond 5.041% -0.029
NYSE Volume 786,631,000
Nasdaq Volume 889,707,000

2:00PM: Buyers take a breather as the indices slip off their best levels... However, no true threat to the upswing has emerged as the bulk of the gains remain intact... Today's action has likely been the result of the market's ability to maintain - and ultimately build on - its earlier move higher... The Nasdaq itself has cleared an intraday resistance level near 1840, but is currently stuck in a resistance area near 1850/1853, which marks yesterday's recovery high...
The Composite (like the blue chip averages) still has a ways to go in improving its technical stance, as it remains a long ways off from its 50 and 200-day simple moving averages at 1899 and 1972...NYSE Adv/Dec 2188/1042, Nasdaq Adv/Dec 1821/1121