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Wednesday, December 1, 2010

Wednesday Morning Update

It looks like I'm having another one of those slow connection days, so I won't be able to upload a chart this morning. However, if you look at last night's daily, you could probably guess what the market did this morning. Yep, straight up, right to the pivot point at 1200. but instead of beng rejected there, the market is sticking to it like glue.  I can't get my streaming quotes up, so I don't have the sector relative strength, but the Nasdaq is leading huge. Yesterday's volume will be tough to beat, but if we do then we should have a follow through day today. The Russell 2000 is also leading big, gold and oil are up, Treasury yields up big. We are now on rally watch.

I have 406 new highs, and charts are loading very slowly so I am having a tough time picking out breakouts, but here is what I have so far: WSTG, RLI, KUTV. PRIM, MSFG, PUDA, and EML.  I have FNSR scheduled to report this morning, they hav not, but are confirmed to report sometime today.

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