SPY: Code Yellow on trading

Saturday, July 4, 2009 Market Momentum W/E July 4, 2009 - CODE YELLOW Code Yellow signifies that there is no trend and you must use extreme caution when buying new positions www.barchart.com Indicators Line Index -1700 stocks tracked - Slight Downward Trend Trending BELOW its 20 day moving average Trending BELOW its 50 day moving average Trending ABOVE its 100 day moving average Market Momentum - 5800 stocks tracked - NO trend 61% trading BELOW their 20 day moving average 58% trading ABOVE their 50 day moving average 84% trading ABOVE their 100 day moving average New High/Low Rations - No Trend 20 day H/L 313/737 - negative 65 day H/L 208/132 - positive 100 day H/L 187/33 - positive This week all 3 indicators do not show s strong trend. No one will fault you for holding off on entering into any new positions. See what I see: http://charts3.barchart.com/chart.asp?sym=$VLA&data=A&den=med&size=b&jav=adv&vol=Y&divd=Y&evnt=Y&grid=Y&sly=N&ch1=066&ov1=918&ch2=066&ov2=021&code=BSTK&org=stk&fix==