Tuesday, December 24, 2013

Over the High- S&P 500 Price/Volume Heat Map Dec 23

Although volume was incredibly light, it really does not matter as we moved over the highs on the S&P 500. Prices over the highs suggests we are going higher. This follows the market's roughly 50 basis point gain in yesterday's trading, an increase predicated on the strength in financials and technology shares.

The demand looked positive, more or less, in aggregate during yesterday's trading, as more than 50% of sector groups showed stronger price/volume characteristics.

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