Market Talk / April 12th - 18th

[Spaf]

Market Talk
Sunday Edition
April 12, 2009​

General Commentary:

Testing 1..2..3..Will the upcoming earnings be a test for the recent advances? Last week the bulls continued moving the S&P (prices) above the 50 day moving average, and with good volume. Now is the time to pay attention on how the earnings profit shock will play out.

A look at the chart(s)
The S&P500 [$SPX] Dailey
Large Caps

Charts courtesy of www.StockCharts.com​

The trading channel remains in place with pricing above the 50 dma.

The Bollinger bands continue closing to lower volatility.

The SAR remains in a bullish mode.

Volume has been quite good.

The STO is near over-bought areas; at 78.66.

The MACD is still running a positive / bullish.

Well, that's it for the weekend!​

Be careful out there!​