S&P 500 Clears 1100

11/17/2009 9:37 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Stocks closed with nice gains on Monday and the short-term momentum studies have broken out to the upside, consistent with further gains. The market internals were strong as the number of new highs did confirm prices (see today's Tips for Traders feature for more), but the A/D lines on both the NYSE and NASDAQ have not yet confirmed the price action with key support now at the November lows.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES