This Is Not Convincing
I got a lot of questions about the "breakout" Wednesday, so let me begin with the Dow -- which has not broken out. That index is still dancing around 12500. The S&P 500, for its part, has resistance in this entire 1300 area. A true breakout would come around 1320.
What did break out was the Russell2000, as it rose above 770 with ease. However, on a very short-term basis, you can see the small channel I've spied on the chart. That shows the index is at some resistance now....401 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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