Spaf
Honorary Hall of Fame Member
imported post
Last week ended slightly up, however see-sawing up and down. Market timing is unclear, and even slightly negative. A lot of the recommendations show a hold, and short term trends indicates a sell (S&P 500). The majority of equities are not particiating in a movement to advance. Money flow indicators (CMF) for last week were strongly negative, between -0.2 to -0.3.
One analysis indicated that this week could be up, because of the good earnings reports, and the market was firming up. This could produce a strong ralley, but it wasen't their call. Ifstrong support developed into future gains, the market could shift out of neutral.
MHO: The market is a gamble at present, till a primary movement is re-established (bull or bear).
Attached is a chart of the S&P 500 for the last 3 months with a 50 day moving average and a MACD plot (moving average convergence divergence).
Rgds, and be careful! Spaf
Last week ended slightly up, however see-sawing up and down. Market timing is unclear, and even slightly negative. A lot of the recommendations show a hold, and short term trends indicates a sell (S&P 500). The majority of equities are not particiating in a movement to advance. Money flow indicators (CMF) for last week were strongly negative, between -0.2 to -0.3.
One analysis indicated that this week could be up, because of the good earnings reports, and the market was firming up. This could produce a strong ralley, but it wasen't their call. Ifstrong support developed into future gains, the market could shift out of neutral.
MHO: The market is a gamble at present, till a primary movement is re-established (bull or bear).
Attached is a chart of the S&P 500 for the last 3 months with a 50 day moving average and a MACD plot (moving average convergence divergence).
Rgds, and be careful! Spaf