Summation Index Breaks Out

04/14/2009 9:47 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Watching the A/D numbers intra-day recently has shown the market's strength. They reversed from negative to positive Monday and the Summation Index has now broken out above the 2008 and 2009 highs, which is bullish. The S&P has moved out of its trading channel with next major resistance at 950-980.

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