Tuesday, April 17, 2012

17 April 2012

 This index hasn't budged much despite the now week old rally.  Could be construed as a good or bad thing for the market.
 Its summation index has rolled over.
 Short term is back nearing overbought levels.  Still lagging previous peak.
 Short term sum index has also rolled over and started to try turning back up.
SPX in terms of VIX had a large breakdown last week pulling it back below peak levels from 2011.  Its currently attempting to gain back what it lost last week.

Gold and silver have been attempting to hold onto key long term ascending trendlines.  They have been successful so far but weakness has been persistent.

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