We still have not managed the full breakout that I am looking for, - TopicsExpress

We still have not managed the full breakout that I am looking for, but we are doing a great job of staying in the upward channel. This 104.30ish resistance level is formidable and if we dont break through in the next couple of attempts, it could fatigue and spook the buyers, thus turning them to sellers. We should get some help today due to the miss on the NAHB housing number and Empire Manufacturing. Later This week we will get both housing starts and CPI. THose numbers should provide the market the knowledge it needs, to either break through or bounce off the top. Lets hope for a break through. Have a great day!

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