Friday, August 7, 2009

Dow Industrials Tests Important Level

The Dow Industrials continued to rally after a better-than-expected jobs report. No doubt, stocks look good and Size, the key indicator that I watch to judge momentum, continues to rise. The Dow is trying to push through an important weekly level today so it will be interesting to see how the day plays out. 9337 is the important barrier. Currently, the Dow is up 125 points pushing it to 9380. Continued strength should push the Dow upwards around the 10,500 level.

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