Day Trading – The Bullz And Bearz
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Merck Breakout – S&P Hitting Resistance Again
July 1st, 2009
Once again the morning thrust set then S&P right into my resistance target around 927. From here we have traded sideways through lunchtime. I’m sure the end of the day will bring some new excitement.
Take a look at MRK below. The heavy volume isn’t there, but the breakout from the trendline is very clean. Possible LONG…I’ll let you decide.
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02-08 16:02
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| DJIA | 9908.39 | ||||
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| S&P 500 | 1056.74 | ||||
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| RWM | 46.80 | ||||
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