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Stock Market Commentary
Jan 06, 2009

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Declan Fallon

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A day when bulls could breathe a certain sigh of relief as last week's low volume gains held in all markets. Volume did rise to register a 'distribution' day but the lack of range to intraday trading suggests no real selling at work.

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Best thing about the indices (which triggered Friday) was the net bullish turn in momentum, trend and volume indicators; this strength held through Monday.
Small caps continued to lead as declining resistance, 50-day and 20-day MAs remain decisively breached:
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So far so good...


by Declan Fallon (Fallond Stock Picks)

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