Thursday, April 14, 2011

Gap Up Signal

If the market closes around these levels at 1312, I expect a gap up tomorrow.  GOOG earnings are coming out after the close but it shouldn't make much of a difference either way.  The market got quite oversold today and usually you get at least a 1 day bounce back effect which started mid day today.  The liquidation in the commodities complex is over and that is helping equities.

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