From Fallond Stock Picks, Wednesday Apr. 2:
Daily Market Commentary: Dow Preparing for Breakout
It's looking good for the Dow following yesterday's breakout in the S&P. There was a uptick in technicals with a 'buy' signal in On-Balance-Volume following a recent 'buy' signal in the MACD. Support comes in around 16,450 with the 20-day MA an alternative support level.
As we said on Mar. 25:
"Are The Markets Heading Back To The 1990s and Hammer Time?"
It's a bull market kids.See also:
Just beware of analogues that prey on the fact humans are animals with pattern-recognizing brains....
Barron's Interview: "Jeremy Grantham: Learning to Live With a Stock Bubble " (Quick, Hire a Kid!)
