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Tuesday
Apr262011

Market Breakout; Technicals Look Strong

The Dow Jones Industrial Average broke out to a new high a couple of weeks ago, but for the bull market rally to be confirmed, the S&P 500 needed to do so as well.  Today we have gotten that breakout for the S&P 500, and the technicals for the index now look very positive.  Oh, and the Nasdaq Composite has also broken to a new bull market high today as well, meaning all three major indices have now cleared their resistance hurdles.  

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