http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]daclyiay[pc20!c5!f][vc60][iut!La12,26,9!Lh14,3]&pref=G
MACD looks ready to give up the ghost on the daily. Triangle formed from recent highs trend line and rising lows off recent move....has been broken to the downside, IMHO a bearish omen.
20 EMA is STILL acting as good resistance, weak as it is, not sure if she's ready to go just yet. But it sure feels like support is giving way.
D
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- FORBES MARKET GURU'S COLUMN
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About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
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