Yesterday was a more potent up day than bears would have liked and made things a little hard for us to evaluate. Buying a test of 50-day moving average Friday has worked well. We are now back into downtrend from September, will it hold? The market is full of mixed signals, with particular strength coming from the tech sector. AAPL has broken above highs and GOOG and BIDU could be compelling longs if they break resistance where there are likely a lot of shorts. AIG put in somewhat of a doji yesterday and is in a mini downtrend, keep it on your radar as it has traded well in recent months. GLD may be a good swing trade on a break above 1000/ounce but the good active trade was a break of the neckline that took us through 1000.
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