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Posted by HY Markets on Thursday July 15, 2010 4:58 am
DJI closed higher for the seventh day in a row on Wednesday as it extended last Friday's breakout above the 20-day moving average. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. SPI closed unchanged on Wednesday and remains above the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. NDI closed higher on Wednesday and above the 20-day moving average crossing confirming that a short-term low has been posted. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term.





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