BULLS CONTINUE, BUT A TRADING RANGE DEVELOPED 1/15/14

Bulls continued today setting an early 50CB and break out of the long buy signal at the LB (Long Break Out Target).  The optimal hold follows the 50CB TL and the 20EMA.

A narrow trading range developed, with targeted exits at B39 to 42 as lower highs developed and PA closed off the EMA and TL.

The strength of the run is measured by the gap in price to the EMA/TL.

The balance of the day was trading in a narrow range as price consolidates for the next move.