Where next?
Posted on Wednesday, May 14th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Declan Fallon (http://www.zignalsblog.blogspot.com) -
In January after breadth indicators reached all-time lows I gave a guesstimate as to what the S&P would do over the coming months. Other than the larger than expected dip in March it has remained relatively ontrack:
But where does the market go next?
S&P Breadth indicators are getting a little toasty which favors some modicum of weakness over the coming weeks. This would shake out the weak hands and leave the index better prepared for an upside break of the 200-day MA.
The alternative is a straight break and run – with barely a pause at the 200-day MA.
Last 5 posts by Declan Fallon
- Trading Strategy Risk Management - November 23rd, 2009
- Creating a Trading Strategy in Zignals - November 10th, 2009
- FTSE 250 ETF : Breakdown of 20-day moving average - October 27th, 2009
- NASDAQ Breadth Top-Heavy - September 30th, 2009
- NASDAQ Sep 22nd 2008: 2,179 - Sep 22nd 2009: 2,146 - September 23rd, 2009
 About Declan Fallon (http://www.zignalsblog.blogspot.com)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website. It's our job at Zignals to give market participants all the information they need to make informed decisions; both fundamental and technical. |
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