http://stockmarketforbeginner.net/relative-weakness-in-finance-weighs/ Brief and Straightforward Guide about stock market. We make it easy for everyone who need information about stock market here! Wed, 14 Jul 2010 18:42:27 +0000 hourly 1 http://wordpress.org/?v=3.0 http://stockmarketforbeginner.net/relative-weakness-in-finance-weighs/comment-page-1/#comment-308 SPY firms at range support | STOCK MARKET FOR BEGINNER | Stock & Option Guide Thu, 10 Dec 2009 13:23:02 +0000 http://stockmarketforbeginner.net/?p=1456#comment-308 [...] The major index ETFs remain in medium-term uptrends and short-term trading ranges. After a 3-4 day pullback, SPY firmed near the bottom of its four week trading range. The whole world is watching range support for a break that would be negative. Technically, a support break here would argue for a pullback within the larger uptrend. However, don’t be surprised if we get a range support break and then a rally. There are a number of factors working against an extended decline or sharp pullback. First, the medium-term or bigger trend is up. Second, seasonality is bullish as we head into the last few weeks of the year. According to Sentimentrader.com, the odds favor mixed trading the next five trading days and then there is a clear upward bias from December 21st. This is the so-called Santa Claus rally. It does not always happen, but history shows a bullish bias towards yearend. Third, techs showed relative strength yesterday and small-caps have been showing relative strength the last few weeks. [...] [...] The major index ETFs remain in medium-term uptrends and short-term trading ranges. After a 3-4 day pullback, SPY firmed near the bottom of its four week trading range. The whole world is watching range support for a break that would be negative. Technically, a support break here would argue for a pullback within the larger uptrend. However, don’t be surprised if we get a range support break and then a rally. There are a number of factors working against an extended decline or sharp pullback. First, the medium-term or bigger trend is up. Second, seasonality is bullish as we head into the last few weeks of the year. According to Sentimentrader.com, the odds favor mixed trading the next five trading days and then there is a clear upward bias from December 21st. This is the so-called Santa Claus rally. It does not always happen, but history shows a bullish bias towards yearend. Third, techs showed relative strength yesterday and small-caps have been showing relative strength the last few weeks. [...]

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