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Today's Market
posted on
Aug 24, 2009 12:59PM
On Pinks - BEHL sp touches 0.0690 and has been flat since. Current sp 0.0670 with vol of 5.4M. Technicals: 15min Bearish with OBV Bullish, 60min sees Stoch and OBV Bearish with Mac Bullish, and Daily shows Bullish Stoch with Mac still converging and OBV Bearish. Friday's news release seems to not have the punch that was anticipated, and may take a bit more time for speculators to digest. Still plenty of trading day left.
Dow up, and was up even more earlier. Just another Mutual Fund Monday extending the run from Friday's news. Everything pretty much up except the restaurants. Technicals say investors have strong confidence in the Market and there was a higher-high in this very short cycle.
