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FIRST SOLAR (FSLR) 121.18 $0.05 (0.04%) 04:23AM (15 mins delay)

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Complex Signals from the Market

May 01, 2009 - 9:50 AM EDT

Bill Cara submits: [Excerpted from Bill Cara's Daily Report]

The US equity market is giving complex signals as to possible trend direction. Thursday, the market volume and breadth improved, and chart break-outs are showing up, possibly, in the NASDAQ, FTSE, NIKKEI, and more. But the rally is already seven weeks old, and many traders are questioning many aspects.

The major indices began Thursday by moving quickly to the upside, reaching session highs before noon and then selling off through the afternoon, before closing mostly unchanged from Wednesday.

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Source: Seeking Alpha (May 01, 2009 - 9:50 AM EDT)