Daily Comments for Tuesday

By Teresa Appleton
13 July 2009 @ 09:30 pm EDT

Monday erased last weeks losses with a big up move across the broader markets.  The markets volume also came in heavier than Friday's giving the up move some support and credibility.  Market breadth strengthened as the day progressed after the first hour starting very weak and dropping Friday's lows before reversing on the Nasdaq.  The TRIN closed at .45 very bullish and the lowest close since May 4th and the VIX closed at 26.31 just off the 7/1 lows.  Gold closed at $922 up $9.50 and oil down 20 cents at $59.69 a barrel.

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