Market Talk / Nov. 23 - 29

[Spaf]

Market Talk
Sunday Edition
November 23, 2008​

General Commentary:

The S&P [$SPX] had a breakdown below the 840 support level, closing at 800.03. Financials have been a drag on sentiment as their uncertainty fuels their own liquidity crisis. The major trend remains in a declining mode. Fundamentals are suffering a crsis in confidence.

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

Charts courtesy of www.StockCharts.com​

Pricing continues under the 13d E-moving average; a bearish trend.

Bollinger Bands have been widening, indicating more volatility.

The P-SAR remains in a bearish signal.

Volume has been above average.

The S-STO has returned to oversold levels.

The MACD was registering a bearish signal.

Well, that's it for the weekend!​

Be careful out there!​