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Monday, September 17, 2012

2012 September 17 - CLOSE

Well, like we mentioned last week.  Here slight pullback as some of our six hit resistance.  Here's today's summary with daily volume splits:

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17-Sep CLOSE PRICE 30 DMA H/L Range 30DMA VOL 30 VOL / 13
GOOG 709.98 10.37  1,867,215  143,632
PCLN 643.35 12.36  1,139,520  87,655
IWM 86.04 0.96  7,025,261  540,405
JPM 41.19 0.72  16,738,659  1,287,589
GLD 170.4 1.34  2,197,377  169,029
XOM 91.91 0.84  8,721,418  670,878


GOOG - still hanging at the $709 level.  Look for consolidation here and volume to support a move higher.

PCLN - moving to the $650 level of resistance, as I pointed out Friday.

IWM - look for a pullback to $84.

JPM - still hanging at the $41 level.

GLD - if the markets don't trust the effectiveness of QE, this baby could fall like it did last time GLD was at this level.

XOM - a level where it could pull back to the $88 level.

In short, we are in sort of a consolidation period of moving averages.  Friday is quadruple witching day, which means things could turn starting next week.

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