January 10, 2013 at 17:15 PM EST
Minyanville's T3 Daily Recap: Market Breaks Out of Mini-Range to New Five-Year Highs
The S&P (INDEXSP:.INX) broke higher out of the 2013 upper range to close at five-year highs once gain. The index finished the day up 0.75% above the pivot high from January 4 of 1467.94. Stocks opened higher this morning but were weak off the open to fill the gap. However the market rallied the rest of the day after 11 a.m. ET to close on its highs. While the action Monday through Wednesday was slow and monotonous for traders it was ultimately just healthy rest for a market that had its biggest weekly gain in more than a year. The ...
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