Amazing what 2 solid back to back days can do for the technical condition of the market. From being below the 20 day moving average on the close (for the first time since November) Friday, to a break out over yearly highs Tuesday at noon. Now the question returns, do we start a new V-shaped rally that has marked so many of the moves since March 2009. Long side traders can now play the market from the long side using S&P 1302 as their base.... it remains the unshortable market.
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