Market Talk / May 24 - 30

[Spaf]

Market Talk
Sunday
May 24, 2009​

General Commentary:

For the week, the S&P gained a mere 4+ points, enough to drop it out of the ascending channel, a sign of caution or a sign of the slower summer months? Maybe we just went too far too fast and it's time to take it easy. Other charts show a somewhat similar mix; are we bullish or bearish? We'll just have to wait and see!

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

Charts courtesy of www.StockCharts.com​

The S&P is still trading above the 50 day moving average.

The Bollinger bands still show a moderate volatility.

The SAR has flipped to a bearish mode.

Volume has been on the low side.

The STO has been declining to near oversold levels.

The MACD is still in positive territory but tracking bearish.

Well, that's it for the weekend!​

Be careful out there!​

 

[tsptalk]

Interesting... Dow up 10 points (basically flat) while the Dow Transports up 3.6%.

 

[Spaf]

Interesting... Dow up 10 points (basically flat) while the Dow Transports up 3.6%.

Could it be all the bailout $money needed to be shipped out....

Today, the end of May, the S&P closed out at 919.14
Last week (05-22)....... the S&P closed out at 887.00
Last month (04-30)...... the S&P closed out at 872.31

Folks use the term "channel". Maybe, a better term would be "trench"....:cheesy: