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