Market Talk / Jun. 21st - 27th

[Spaf]

Market Talk
Sunday
June 21, 2009​

General Commentary:

Last week the S&P shed almost 25 points.

The market hesitates as the wind blows. Market fundamentals park on the side street, in Tehran as activism turns to uprising. I don't see any big advances till the smoke clears from the banks, builders and now the streets of Tehran....Link --> TEHRAN, Iran (CNN)

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

Charts courtesy of www.StockCharts.com​

The S&P remains trading above the 50 and 200 day moving averages.

The SAR has been 4 day bearish.

Volume has been a mixed high and low.

The STO has dropped to near oversold territory.

The MACD remains positive but tracking bearish..

Well, that's it for the weekend!​

Be careful out there!​