Replies to post #50003 on ajtj99's Market Pulse

[jdaasoc]

tickq hasn't held steadily above 0 since 11 AM but I am not going continue arguing this point.

I just don't think averages go higher from here. Too much profits left on table over the weekend if you not close some positions opened today.

[compadrejt]

Pros and cons for the NDX.
Pros: Break out from a falling trend line. Breadth improvement. High p/c ratio. Rising on higher volume. 5,8,13,21,144, 377 sma's pointing up. IT buy signal.
Cons: 55 sma and 233 sma resistance stopped the run so far. ST overbought sell signal. 34, 55, 89 and 233 sma's pointing down.
It is a big improvement from last week, but there is a lot of bearishness to overcome yet. Anxious to see what next week brings.