Market Internals Point Higher

04/06/2009 9:58 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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The Summation Index, an advance/decline indicator, formed higher lows in both November and March as the averages were making new lows. This was a positive sign. It is still rising sharply and a break above the year-long resistance would give higher targets. Once above 950, further resistance at 900-930.

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