New Rally Confirmed; Stocks Close Above 200 DMA Line

New Rally Confirmed; Stocks Close Above 200 DMA Line

Friday, June 18, 2010 Stock Market Commentary: Stocks ended higher this week, confirmed their latest rally attempt, and the benchmark S&P 500 index and the Dow Jones Industrial Average both closed above their respective 200 DMA lines which is an encouraging sign. Volume totals were reported higher on both major exchanges due to Friday’s quadruple witching day. Advancers led decliners by…