Equities have broadly been able to break above resistance at their 50-DMAs recently, but yesterday’s declines pushed the major index ETFs back downa bit.  While each of these ETFs still sit above these levels, they currently have less wiggle room.  With the exception of three of these names (IJH, IWM, and IWR), the index ETFs are less than a percentage point from falling back below their respective 50-DMAs.  With equities poised to open higher this morning following some solid earnings from the likes of IBM, UTX, and PG, at least for the beginning of trading it looks like things will generally move in the more optimistic direction.
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