Another good closing (not strong). I would have hoped it to go little higher than yesterdays high and then close on the top.
Market breadth is also looking very strong here. Overbought/oversold index is showing strength, we must be seeing many stocks breakouts or making higher highs in this market.
With this movement in this market, I certainly hope to see 5700 in this market very soon. We have support at 5418 but with this kind of market breadth, I don't expect to close below 5460.
Big cap had a massive run in last couple of days and they took some rest today. We had light volume day compare to yesterday but still good enough volume. Many are setting up very well for our portfolio.
Market breadth is also looking very strong here. Overbought/oversold index is showing strength, we must be seeing many stocks breakouts or making higher highs in this market.
With this movement in this market, I certainly hope to see 5700 in this market very soon. We have support at 5418 but with this kind of market breadth, I don't expect to close below 5460.
Big cap had a massive run in last couple of days and they took some rest today. We had light volume day compare to yesterday but still good enough volume. Many are setting up very well for our portfolio.
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