Market Commentary: Markets Melt Up, Fail To Penetrate Resistance As Volume Falls
October 24, 2014 at 13:47 PM EDT
Markets continued to melt up from this morning's shaky opening, but have, so far, been unable to penetrate the major resistance above. The SP500 has stalled just below its 100 DMA, the DOW at the 145 DMA and the NASDAQ at the 50 DMA.