Minyanville's T3 Daily Recap: Market Continues Methodical Climb, Early Tech Earnings Impress
Posted on January 22, 2013 at 17:10 PM EST
My firm's Daily Recap is starting to sound like a broken record. Markets surged once again Tuesday making five-year highs and continuing the recent bullish trend. The S&P (INDEXSP:.INX) climbed 0.47%. Momentum and volume may be slightly lackluster but price action is king. The S&P opened higher and pulled back to fill the gap in the first hour but trended higher all day from there. The $148.50 pivot was rejected the first time around but it is a strong sign that we were able to push through it on the second attempt. We continue to see good breadth ...