S&P 500 Morning Analysis 11/9/09

The SPY has continued to recover above a rising 5 DMA and this morning it is adding further to its gains as it is trading just over the prior important level at 108.00 Volume has been weak the last couple of sessions as prices have steadily improved and that casts an eye of suspicion as to the sustenance of the trend, but it is not a reason to fight momentum by selling short. As we know, only price pays!