A Good Sign for the Economy

06/10/2009 9:35 am EST


Thomas Aspray

, Professional Trader & Analyst

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The Dow Jones Travel and Leisure group has been one of the top-performing sectors, up 150% from the March lows. The chart shows that the long-term downtrend and the 38% resistance level have now been reached. The 50% resistance is just below 90. The 50- and 200-day MAs are positive and we may now look for a pullback to the 54-60 area.

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