NYSI barely moved up today, this was expected since the $NYAD could not get positive.
So certain indicators, almost had given us a short-term sell signal but the bulls were able to move the market back up, shockingly at the end of the day.
Tuesday, May 12, 2009
Almost!
$NYMO almost broke through Zero today, which would have been a short-term sell signal. It closed at .87. Had the bulls not been able to protect 900 and rally into the close this would've broken.
$NYAD- was down again today. As decliners lead the way in the market, although looking at the end of the day close it does not show this, with the SPX only closing down -.89.
NYSI barely moved up today, this was expected since the $NYAD could not get positive.
So certain indicators, almost had given us a short-term sell signal but the bulls were able to move the market back up, shockingly at the end of the day.
NYSI barely moved up today, this was expected since the $NYAD could not get positive.
So certain indicators, almost had given us a short-term sell signal but the bulls were able to move the market back up, shockingly at the end of the day.
