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

Trading Blog Launch

Welcome to the Dave Johnson Trading Blog. This is a test post to officially start the Blog. Look for more reports and analysis in upcoming posts.