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The latest from the
IndexHunter session 09/22/2009 DIA - weekly still leading the price higher, daily may stall but nothing technically to make anyone jump ship, same thing in most major markets. IWM - has a little more technical strength that DIA and SPY. XLE - still one of the weakest sectors, but monthly has turned up, weekly wants to bring it up. UUP - weekly technical pattern is at a new low, price pattern doesn't match technical pattern so there is more weakness on the way. CME - daily indicator has been accelerating, the weekly is still high relative to price. VMC - weekly has a great deal of strength, need validation to turn to the upside, daily is strong but not validating yet for re-entry. Hourly gapped down with an upside divergence. |