monday update

SHORT TERM: POSITIVE
I did some buying today. The markets finally took a breather, as selling came in at the open and continued into the close. All in all, down about 1% and down 1.5% from the recent highs. All within the normal context of this advance from late Oct.
I’m posting two 15min charts: NAZ/SPX. As you will notice from the MACD, we are right about as oversold as we were on the previous dip. And, the 5 day RSI we were concerned with, pulled back quite a bit today too: 90+ to 56. So the markets are now in a better technical position then they were just one trading day ago. Still looking for wave 3 to resume, possibly from these levels, or a bit lower.
INTERMEDIATE/LONG TERM: BULLISH   

About tony caldaro

Investor
This entry was posted in Uncategorized. Bookmark the permalink.

3 Responses to monday update

  1. mbt says:

    你好!博客狠棒your blog is so good!<a href="http://www.my-cheapshoes.com/nike-air-max-2010-c-78.html">nike air max 2010</a><a href="http://www.my-cheapshoes.com/">MBT Sandals</a><a href="http://www.my-cheapshoes.com/">MBT Shoes</a>

    Like

  2. Unknown says:

    http://www.powergolding.com runescape goldhttp://www.powergolding.com runescape accountshttp://www.powergolding.com runescape power levelinghttp://www.powergolding.com runescape questshttp://www.powergolding.com/Gold_Farming.html runescape gold farminghttp://www.rs2-accounts.org runescape accountshttp://www.rs2acc.com runescape accountshttp://www.rs2box.com runescape goldhttp://www.rs2box.com/instant-gold-c-21.html runescape gold for salehttp://www.rs2box.com runescape accountshttp://www.rs2box.com/rs2-accounts-c-27.html runescape accounts for salehttp://www.rs2box.com/powerleveling-c-23.html runescape power levelinghttp://www.rs2box.com/quests-help-c-28.html runescape quests helphttp://www.rs2box.com runescape money making

    Like

  3. dora says:

    Nike Kobe, Kobe zoom IV, basketball shoes, Nike Kobe shoes, Kobe sport shoes, Kobe basketball shoes, Nike Kobe shoes, Kobe V, Kobe 2K10, Kobe 2K10 high, Kobe Hyperdunk.http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/http://www.kobeshoes.org/

    Like

Comments are closed.