Coolhand's Market Analysis
Mixed Close
by , 03-12-2012 at 05:57 PM (2225 Views)
The major averages were mixed on the day, with the DOW gaining 0.29%, the S&P 500 tacking on a very modest 0.02%, and the Nasdaq falling 0.16%.
The Seven Sentinels remain in an intermediate term sell condition with TRINQ joining TRIN in the sell column. BPCOMPQ turned down a bit, but remains on a buy.
So we didn't see much follow through to the upside today, but we also didn't resume the serious selling pressure that brought about technical warning signals several trading days ago. Keep in mind that it's OPEX week. And that generally means the market holds together, but volatility could come into play.
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