View RSS Feed

Coolhand's Market Analysis

S&P Falls Below 50 dma - Posted by Coolhand

Rate this Entry
Quote Originally Posted by coolhand View Post
The week ended on a negative note Friday as the S&P and DWCPF both fell. However, the S&P 500 closed for the week with a moderate loss, while the DWCPF closed with a significant gain. Isn't that interesting.

Market Talk-s-p-500-png
Market Talk-dwcpf-png

Volume was much higher today. Momentum is falling on the S&P, but flat on the DWCPF. The 50 dma failed today on the S&P 500, but not the DWCPF.

Market Talk-nyad-png

Breadth fell and is now bearish again, but it remains in a range at the moment.

I said more than a week ago that I did not know how this was going to play out when the selling first began. I expected an up and down battle, which is what we got. Now, price has closed below the 50 dma on the S&P, which makes things a bit more dicey, but the DWCPF is in better shape, though it may eventually follow the S&P (or not).

Is it really a wonder why NAAIM is neutral to modestly bearish?

It's not going to be easy to figure this market out, which is why I'll be following NAAIM as closely as I do.

I remain neutral.

Submit "S&P Falls Below 50 dma - Posted by Coolhand" to Digg Submit "S&P Falls Below 50 dma - Posted by Coolhand" to del.icio.us Submit "S&P Falls Below 50 dma - Posted by Coolhand" to StumbleUpon Submit "S&P Falls Below 50 dma - 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