Zeev's Turnips Patch-No Politics (ZEEV)

[wstera2]

The STOCK INDEXES & MARKETS

Stock indexes closed higher for the third day in a row on
Thursday. The NASDAQ Composite Index closed above this
summer's downtrend line crossing near 1295 on Thursday
thereby opening the door for a possible test of last week's
reaction high crossing at 1354.48. Closes above this
resistance level are needed to confirm today's trendline
breakout, which would then open the door for a larger-degree
rebound into late summer. Momentum indicators have turned
bullish hinting that sideways to higher prices are possible
near-term. The NASDAQ Composite Index closed up 35.62 points
at 1316.52. The September S&P 500 index also closed higher
on Thursday and is poised to test last week's high crossing
at 915.90. Closes above 915.90, which coincides with this
summer's downtrend line would signal that a short-term
bottom has been posted. Momentum indicators have turned
bullish signaling that sideways to higher prices are
possible near-term. The September S&P 500 index closed up
29.70 points at 905.70.

The Dow closed sharply higher for the third day in a row on
Thursday and is poised to test last week's high crossing at
8761. Closes above this reaction high, which coincides with
this summer's downtrend line, would confirm that a short-
term bottom has likely been posted. Momentum indicators are
bullish signaling that sideways to higher prices are
possible into mid-August. Today's rally was triggered by
strength in Citigroup and J.P. Morgan. The Dow closed up 256
points at 8712. More at http://quotes.ino.com/exchanges/?c=indexes

http://www.ino.com/