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TheStreet.com
New Market Highs Continue — But How Long Can This Last?
The end of trading Thursday found a number of positive technical events being generated on the charts, including several new closing highs being achieved. Bullish technical events were registered as the S&P 500, Nasdaq Composite (see below) and Nasdaq 100 all closed above resistance to new closing highs. Also, the MidCap 400 closed back above its 50-day moving average while the Dow Jones Transports closed above its near-term downtrend in another attempt to shift said trend to neutral from bearish.
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