Mid-Caps Holding Support

02/10/2010 10:01 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

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The S&P 400 has been edging higher from last Friday’s lows (681) and was up 1.2% on Tuesday. The trend line support going back to the August and October lows is holding so far, though similar support has been violated on many of the other major averages. The rising 200-day MA is now at 655. The OBV did confirm the January highs, and though it is below its WMA, it is still holding above the uptrend that goes back to the March 2009 lows. A close above 725 would be positive.

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