Tuesday, July 14, 2009

MARKET COMMENTARY (7-14-09)


Here is the SPX analysis. The charts progress from 8-day/15-min, 2-month/60-min, 3-month/60-min, to the 7-month/daily. This way, you can see what's happening in the short-term, intermediate-term, and the long-term all at the same time.

This is currently a reactionary rally with the trend rating at "neutral". Currently, the 20-day MA sits at 905, with the 50-day MA not too far above (911). If you trade the general market indices or futures, then keep these boundaries in mind:




2 comments:

Sirius said...

Hey John,
RE: EOD Chart Request - 7/13/09

Awesome blog, very well written and I like the graphics (I haven't read any of the novels, I only wiki the world of WH 40K).

What are your thoughts on YGE? Does it look like a candidate for a swing-trade within a range?

What's your e-mail for private questions?

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