[for the third time in two days -ed]
After getting to 150 up the DJIA is up 26.72, the S&P 500 is up 7.24 at 1251.52.
As stocks add to last week’s sharp gains, investors are wondering whether the recent rally is sustainable.Previously:
The S&P 500 “must begin to consistently trade above 1265 resistance to confirm that it has been broken,” writes John Kosar, director of research at Asbury Research.
From a technical point of view, a move above 1265 “would then clear the way for at least a retest of the May 2011 high at 1371.”...MORE
"STOCK RALLY STALLS AT 200-DAY AVERAGE - EURO DROP ON FRIDAY MAY EXPLAIN WHY"
Technical Analysis: Beware the Gravestone Doji
On the Importance of Detached Awareness While Trading Equities: Pay Attention or Pay the Offer (FSLR)
That last post has a chart that may show us what to expect on Friday:
Scared, scared; news from Europe gap up; scared, scared; news from Europe gap up...