Industrials Stronger

06/15/2009 9:46 am EST


Thomas Aspray

, Professional Trader & Analyst

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The Dow Industrials closed last week barely higher, which moved the RSI3 above the previous highs. The weekly momentum looks stronger on the Dow than on the S&P 500, which may suggest that the rally is losing steam. No strong signs that the Dow rally is over, and the heavy put buying on Friday indicates that many are still skeptical.

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