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Sector Charts – 030710

by Online Stock Trading on March 7, 2010

The last few trading days are a great example why it pays to trade with the trend.  You must respect resistance areas when the market is moving higher, but realize if a current trend is in play, odds are that it continues.

SPX should test recent highs.

Small caps have been on fire.

Gold index XAU is attempting a breakout over trendline resistance.

The oil index has plenty of upside after this breakout.  Time to possibly rest a bit though.

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