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Tuesday, November 12, 2013

Tuesday Morning Update


Support and resistance wise nothing has changed since yesterday. This morning we dropped right down to the mid range between the two, and bounced back up pretty quickly. There is now a nice little gap which may get filled, but he chances of resistance being tested today right now look pretty low. XLK and XLI are leading the sectors this morning, XLU and XLF are bringing up the rear. The Nasdaq and Russell 2000 are both about even. I have oil and gold down, treasury yields up.

I have 82 new highs so far, with breakouts in FTEK, MPAA, HTLD, DISH, EJ, and CEL. I have reports from the following: VIPS up 5%, HSOL down 8.1%, LIWA down 1.4%, and YGE down 8.5%. 

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