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SPY will go UP
$89.82 on 8/04/09
$109.43 (21.85% from time of market call)
Saturday, July 4, 2009
Market Momentum W/E July 4, 2009 - CODE YELLOW
Code Yellow signifies that there is no trend and you must use extreme caution when buying new positions
www.barchart.com Indicators
Line Index -1700 stocks tracked - Slight Downward Trend
Trending BELOW its 20 day moving average
Trending BELOW its 50 day moving average
Trending ABOVE its 100 day moving average
Market Momentum - 5800 stocks tracked - NO trend
61% trading BELOW their 20 day moving average
58% trading ABOVE their 50 day moving average
84% trading ABOVE their 100 day moving average
New High/Low Rations - No Trend
20 day H/L 313/737 - negative
65 day H/L 208/132 - positive
100 day H/L 187/33 - positive
This week all 3 indicators do not show s strong trend. No one will fault you for holding off on entering into any new positions.
See what I see:
http://charts3.barchart.com/chart.asp?sym=$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==
vanmeerten
