Market Talk
Sunday
June 21, 2009
General Commentary:
Last week the S&P shed almost 25 points.
The market hesitates as the wind blows. Market fundamentals park on the side street, in Tehran as activism turns to uprising. I don't see any big advances till the smoke clears from the banks, builders and now the streets of Tehran....Link --> TEHRAN, Iran (CNN)
The S&P remains trading above the 50 and 200 day moving averages.
The SAR has been 4 day bearish.
Volume has been a mixed high and low.
The STO has dropped to near oversold territory.
The MACD remains positive but tracking bearish..
Well, that's it for the weekend!
Be careful out there!
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