Market Talk / May 31st - Jun 6th

[Spaf]

Market Talk
Sunday
May 31, 2009​

General Commentary:

For the month of May the S&P rose 5.2%. Will have to see just what June has to offer. However the economic outlook is a bid foggy and the perils of bankruptcy creates a lot of jitters amoung investors. There is probably a wait and see about manufacturing and jobs. There is a lot of different currents that could tip the market one way or the other.

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 day moving average.

The Bollinger bands still show a lower volatility.

The SAR has is holding on to a bearish mode.

Volume has been on the lower side.

The STO is between overbought and oversold.

The MACD remains in positive territory, tracking between bullish & bearish.

Well, that's it for the weekend!​

Be careful out there!​

 

[Spaf]

The talk is that the market is shaking off the GM bankruptcy....:cheesy:

The president says that the government doesn't want to run the day to day operations of GM!...

What about weekly? Monthly?....

Just where does the government fit in the picture?......Interesting.....:nuts:

 

[Intrepid_Timer]

Nice day yesterday for people that were in the equity funds. What wasn't lost on me though was the fact that the VIX actually ended up even though all the funds were up over 2%....................:notrust:

 

[Birchtree]

I was also monitoring the VIX - but no fear here yet. Perhaps we are actually feeling the influence of the Jupiter-Neptune conjunction cycle.