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Posted by HY Markets on Monday July 26, 2010 3:45 am
DJI closed higher on Friday renewing this month's rally. The high-range
close sets the stage for a steady to higher opening on Monday.
Stochastics and the RSI are turning bullish signalling that additional
gains are possible near-term. If the Dow extends this month's rally,
June's high crossing is the next upside target. Closes below Tuesday's
low crossing would confirm that a short-term top has been posted. SPI
closed higher on Friday extending the rebound off Tuesday's low. The
high-range close sets the stage for a steady to higher opening on
Monday. Stochastics and the RSI are turning bullish signaling that
sideways to higher prices are possible near-term. If it extends this
month's rally, June's high crossing is the next upside target. NDI
closed higher on Friday as it extended the rally off this month's low.
The high-range close sets the stage for a steady to higher opening on
Monday. Stochastics and the RSI are bullish signaling that additional
strength is possible near-term.
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