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Monday, December 6, 2010 - Market Wrap Up

|Includes: SPDR S&P 500 Trust ETF (SPY)
Momentum:
First, the market continues to close above .8 standard deviations above the 10 day moving average. While the indexes appear to be threatening the high, stochastics are overbought, and the fisher transformed momentum oscillator maybe showing a large divergence. Furthermore, what is interesting is that DeMark indicators are showing perfected sell countdown signals on both daily and 4 hour charts simultaneously.



Read the rest here:
tier1trading.blogspot.com/2010/12/monday-december-6-2010-market-wrap-up.html