The market was able to shrug off a strong dollar and held up fairly well.  FFIV and BRCM are receiving a nice pop after earnings tonight.  The uptrend is still well entrenched.  The dip-buyers are providing support and there is no follow-through on the down side.  We seemed to be riding a gradual channel higher as Damian pointed out about a week ago.  The 14 day moving average had provided support on the recent uptrend. 

Related posts:

  1. 09.03.10 – Uptrend Intact, Pushing Overbought
  2. 10.30.09 – Third Back-to-Back Trend Day
  3. Qs Weekly Update
  4. Monday VIXology
  5. What’s Next?