Saturday, April 27, 2013

BOUNCE BACK

THE TRENDS:  Both the long term and intermediate term trends remain up.  This week closed higher than last week but prices remain stuck right around the major highs made in 2000 and 2007.












WHAT I WOULD DO WITH LONG TERM FUNDS:  Basically my comments have not changed since last week.  If the market makes a weak daily close below the levels I indicated (see weekly SPY chart), then if the market were to close next Friday below those levels, an intermediate term sell signal would be given.  If this happens, I will update the blog at that time.  Otherwise, look for the next update to be next Saturday.  Enjoy the beautiful spring days ahead!

No comments:

Post a Comment