ETFProphet's Commentaries

Sep 1 2010

09.01.10 – Shiny New Month Pop to 20-DMA

Quite a pop on very strong internals, though I will note that tick highs are down ramping, and that SPY price is just at potential resistance between the 20- and 50-day moving averages.  Even if we peel off the trend day premise this afternoon or tomorrow, intermediate-term it’s encouraging to see the McClellan Oscillator turn bullish.

Congratulation to ETF Prophet contributor “Doc” Martindale on his first post series “Structure – An Important Aspect of Trading.”

Related posts:

  1. 08.02.10 – Shiny New Month Pop
  2. 12.01.09 – Shiny New Month Pop
  3. 04.01.10 – Shiny New Month Pop
  4. 07.17.08 – Hanging in There
  5. Qs Weekly and Month End Update


Tags: uncategorized | spy | trend-day
More Commentaries by this author

Help Us Rate This Content!


Overall Rating: Average rating is: 0 stars.

Comments

Sign in or Join now to leave aComment and/or rate this content!