Wednesday, November 6, 2013

6 Nov 2013

 I was shocked to see only 53% of stocks are above their 200 day moving average.  This is quite different from what the major indexes are showing.
 Long term (50 day over 200 - would lag the indicator above) still overbought.
 Medium term continues to trend lower.
 Short term continues its bounce.
VIX is at a supporting trendline.

The question is.. can the market go down with the Fed creating $85B a month?

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