Has the Rally in Stocks Failed?

11/13/2009 9:27 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Stocks rallied early Thursday on weak A/D numbers and they finished four-to-one negative. Could be a rally failure as to keep the uptrend intact, the market needs to rally on strong A/D numbers. The McClellan Oscillator has dropped back below zero, while the NASDAQ A/D line has made lower lows. It needs to hold above the October 30 lows.

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