July 19, 2010

Markets stayed within narrow pivots on low volume.

Short-term: 3 yellow, 1 red – tending yellow
Intermediate-term: 2 yellow, 2 red – tending yellow
Stock targets: 14% swimming, 25% neutral, 61% sinking

Improvement in number of stock targets out there — partially due to technical timing/lag — ie the 50 day averages no longer include April highs. Improving stocks are mostly defensive — which ain’t exactly a sign of great things to come for the market overall. But hey – you take whatever crumbs you can.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: