« China's Shanghai Composite | Main | Sector and Stock Performance Since the Prior Bull Market High »
Tuesday
Apr262011

Market Breakout; Technicals Look Strong

DateTuesday, April 26, 2011 at 11:59AM

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.  

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

CommentPost a Comment | | | Print ArticlePrint Article |
in

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Sent to Moderator
Due to the inordinate amount of spam comments posted on our site recently, we are now forced to approve comments before they are posted on the website. We apologize for any inconvenience this may cause.

Notify me of follow-up comments via email.