View RSS Feed

Coolhand's Market Analysis

No Advantage on Either Side - Posted by Coolhand

Rate this Entry
Quote Originally Posted by coolhand View Post
The bulls gave up ground last week, but the good news is that the 50 dma appears to be support (to this point).

The big guys are here!!!!-s-p-500-png
The big guys are here!!!!-dwcpf-png

Yes, it was a lower low that formed, but the 50 dma was not tested. We'll have to see if the bulls can provide some follow through upside action early this week. Momentum is rather flat.

The big guys are here!!!!-nyad-png

Breadth remains negative, but not by much.

As I pointed out last Thursday, NAAIM went neutral, which means the market may see up/down action for a few days. TSP Talk sentiment got more bearish and is leaning bearish overall.

Since NAAIM is my anchor reading for my overall perspective, I am also neutral at this time. The indicators favor neither bulls or bears. But remember, the trend is still up overall.

Submit "No Advantage on Either Side - Posted by Coolhand" to Digg Submit "No Advantage on Either Side - Posted by Coolhand" to del.icio.us Submit "No Advantage on Either Side - Posted by Coolhand" to StumbleUpon Submit "No Advantage on Either Side - Posted by Coolhand" to Google

Categories
Uncategorized

Comments


SPY (C Fund) (delayed)

(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)

(Stockcharts.com Real-time)
EFA (I Fund) (delayed)

(Stockcharts.com Real-time)
BND (F Fund) (delayed)

(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes