The TRAN is approaching 5000 again and that is getting bulls excited. YM 10 DMA is at 12671. The high so far was near last week's gap open at 12685. A breakout above that sets up 12710 and a gap close, as well as trendline resistance. But for now, YM needs to close above 12671. ES is lagging relative to its 10 DMA and NQ is still stuck below 1793, so it's not all clear. SMH is still trading below its 200 DMA.
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on Tuesday, February 13, 2007 at 2/13/2007 03:30:00 PM.
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