Wednesday Morning Update
Here we go again, approaching resistance, we make another move down. This is classic “trend change” action, but the trend hasn’t changed since it started doing this crap about a month ago. Whether it is interference or not is not really relevant to us, but unfortunately until this resolves itself in one way or the other, we are stuck sitting on our hands. Sector wise, XLU and XLV are leading today, while XLF and XLB are lagging. The Nasdaq and Russell 2000 are both lagging. I have oil down, gold up, treasury yields down big.
I have 61 new highs so far, with breakouts in CHCI, RVLT, CLRO, SAI, PHI, MON, and GKK. I have a report from LNN, which is down 5.8%.
2013-03-27 07:31:52
Source: http://samuraitrader.blogspot.com/2013/03/wednesday-new-highs_27.html
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