Daily Comments for Tuesday - Nov 17

By Teresa Appleton
16 November 2009 @ 07:08 pm EDT

Monday left the market higher on the day with higher volume than we saw on Friday leaving the week to start with an accumulation day on the NYSE and Nasdaq.  Market breadth came out of the gate strong on the gap up and continued to build throughout the day.  The TRIN closed at .60 bullish on the day and the VIX 22.89 about 7% off the 10dma.  Leaving us with little volatility to hang our hats on still.  Gold closed up $22.30 to $1139 an ounce and oil up $2.59 to $78.94 a barrel.

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