Tuesday, April 29, 2014

29 Apr 2014

 The 200 day moving average of the McClellan summation index first crossed below zero in early 2008.  It then re-crossed in mid 2009.  I'll be keeping an eye on this as it gets closer to the 0 with fairly persistent, relative to earlier years in the bull, weakness in the index itself.
 Medium term is neutral.
Short term is partially oversold.  Slight bounce today.

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