Encouraging Signs Along With a Caveat

By on July 28, 2010

Robert Hum at CNBC posted four encouraging signs from the recent rally. The main two are that Dow Theory is still bullish and new highs on the NYSE are showing the greatest number in three months. Several cyclicals are hitting new highs and the S&P 500 breached its 200-day moving average.

One caveat mentioned is that trading volume has been light during this rally. However, this isn’t unusual during the summer.

Source: CNBC

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