Monday, March 31, 2008
Markets Pause - Watch Today's Support & Resistance
The DJIA, S&P 500, NASDAQ and Russell 2000 indices all moved higher today, which represents a pause in the short-term down trend which began last Tuesday as markets bounced down from the Monday, March 24 highs.
A break above today's high would represent a change in the short-term trend, while a break below today's low would be a continuation of the short-term down trend.
Today's Action:
VRTX confirmed the reversal breakout mentioned in last Thursday's audio comments, closing up $5.23 or 28.03%.
URBN support bounce signal.
CAT up trend breakout signal.
AFL is forming an ascending triangle with a breakout signal above 65.45.
Intermediate Term Market Trend: Neutral
Short Term Market Trend: Down
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