Sunday, June 21, 2009

Market Momentum W/E 6/19/09 CODE YELLOW

CODE YELLOW: signifies that the Market does not have a strong trend.

BarChart.com Indicators

Value Line Index - No Trend
  1. BELOW the 20 day moving average
  2. Above the 50 day moving average
  3. Above the 100 day moving average
Market Momentum - No Trend

  1. 55% of stocks trading BELOW their 20 day moving average
  2. 73% of stocks trading above their 50 day moving average
  3. 88% of stocks trading above their 100 day moving average

New High/Low ratios - Upward Trend

  1. 20 day H/L 652/425
  2. 65 day H/L 423/68
  3. 100 day H/L 329/27

Two of my 3 BarChart.com indicators are not showing a short term trend. This is a time to be very cautious; this Market is not making a strong show in either direction

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