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Wednesday, July 27, 2011

Stocks Failing to Follow Through to the Upside; Euro Looking Vulnerable


Internals posted above.  You can see there is light volume today suggesting a lack of enthusiasm towards moving the market higher after yesterday's surge.  But closing higher on the day has kept me on the sidelines from getting short.  The short term has a slight bullish bias to it while the longer term indicators are slanted to the bearish side (especially momentum).  Below is what was posted mid-day today.

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