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Monday, December 10, 2012

Monday Morning Update

1418 looks like the critical level today, and it was providing some resistance, but we have since moved above it and it should now be support. The upper and lower lines are more or less a guess, with the upper being at the 10 day high, while the lower is just the equal distance from the middle level. It does sort of make sense on the chart. XLV is out front this morning, with XLI and XLK tied for second, while XLF and XLY are bringing up the rear. The Nasdaq and Russell 2000 are both leading slightly. I have oil and gold up, treasury yields down.

I have 77 new highs today, with breakouts in CLDX, ISCC, SILU, and NDSN. I have no reports scheduled for today.

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