The Health Of The Market

Currently every major index and every SP500 sector is under its 20 day moving average except for the $XLE.  Many are under their 50 day moving average.  $SPY $IWM $DIA are under their 50 day moving average and all 3 are sporting bearish set ups.

Underneath the surface I see mixed action.  When I say underneath the surface I mean individual stocks.



The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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