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.

Wednesday, October 31, 2012