Well, my confidence wanes as the Near-Term Line failed to stay above 80 for more than 4 consecutive days.
Earnings are not all that terrible, but with the 10-year yield rising and the impact this might have on overall economic growth we may be in for some continued volatility in the market.
Craig
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4 comments:
The Mid term line is below 50, near term and momentum lines are at reversal area. SPX touched 200 day moving average, and bounced today. it has touch 200 days moving average several times now. Will you go short if it drops below 200 day moving average, or you will buy the dips? Craig, thank you for the posting.
looks like the trend is neutral...lets see if SPX breaks resistance
Craig...thank you
and keep posting!
When you invest, you are buying a day that you don't have to work.
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