Thursday, August 13, 2009

MARKET COMMENTARY (7-13-09)


First thing to note is that the SPX is now in a neutral range as marked on the 15-day chart. Major support/resistance levels are marked:


Second, let's talk about the SPX/SPY volume divergence. Take a look at the volume on each, and I want YOU to tell ME what you think (crazy conspiracy theories are welcome):




Finally, the market broken down to individual sector components:









2 comments:

Speculator Ed said...

I think manipulation!!! Either from the government, or from a stock operator. AIG, FRE posting profits is something.

StockFiend said...

Tomorrow is going to be a big day.. Hoping it goes down.