Sunday, March 21, 2010

Market Summary

While there was a sell off Friday as indicated by the pink background on the image below the market has been extremely bullish making new 52 week highs on half of the Dow 30 recently. And now that we have healthcare reform almost signed into law we will have to wait and see how the market responds to that. Click on image to enlarge.

For the week the US dollar as reflected in the UUP was up the most up 1.24% followed by the Dow up 1.10%. The rest of the ETFs were changed by less than 1% for the week indicating a weekly doji or spinning top formation. Click on table to enlarge.

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