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Halftime Report, Tuesday November 24: Chop

November 24th, 2009 Leave a comment Go to comments

The markets are chopping sideways today. It is tough to even call this consolidation action on the daily charts because it is so choppy and full of gaps. The broader market indexes are all fractionally lower today. The VIX, TICK, and TRIN are giving mixed readings, which is expected on a sideways day. The dollar is barely moving. On SPY, 110 and 111 are proving to be significant support and resistance points.

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Happy Trading,

Jason

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