Saturday, November 3, 2012

Looks Weak

* Click images to enlarge *

Trend finders look weak.
Spx runs into 50dma resistance.

The EOM rally I looked for a 1 day event, shows
weakness. Monday will tell us if it was a major reversal, but volume doesn't support that out look yet..
NY advance dropping soon offers a target at the bottom.
 John Murphy indicator is on a sell.
Yellow is showing could lead to fast drop.
Spx x 50% A break of the red lines we gut the bull hogs.



Any drastic indicators were very quiet Friday market.
PC ration was neutral, Vix etc. nothing popped at me.

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