Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 12-year highs on 5/27/10 and remains bullish. Industrial (XLI) Stock Sector Relative Strength Ratio (XLI/SPY) rose further above its 50-day SMA on...
Read MoreIt still appears that the popular stock market indexes may hold near the yearly lows. RSI(14) shows a clear loss of downside momentum since Thursday 5/20/10. The Dow-Jones Industrial and Transportation Averages are holding above...
Read MoreConsumer Discretionary (XLY) Stock Sector Relative Strength Ratio (XLY/SPY) rose above 4-week highs on 5/25/10 and remains bullish. Absolute price of XLY remains above its 200-day SMA. Industrial (XLI) Stock Sector absolute...
Read MoreFurther downside testing may be possible as the market tries to find a bottom. Oversold oscillators and sentiment suggest a good chance. Stocks could find an area of bargain hunting demand around the lows of the year. Consumer...
Read MoreBased on prices as of the close on Friday, May 21, 2010. 5-Year Outperformance by the Top 10 Exchange Traded Funds Weekly Rankings of Major Trend Relative Strength My weekly Top 10 ETFs ranked by the Major Trend Relative...
Read MoreAlthough it is too soon to be sure, Friday might have been a successful test of the 2010 lows. The stock market still looks oversold for the short term, and Friday’s upside reversal suggests that stocks may have found an area of...
Read MoreFor the following major indexes, absolute price fell below 200-day SMAs on 5/20/10: Dow-Jones Industrial Average, NASDAQ Composite, S&P 500 Composite, and S&P 100. For the following Major Stock Sectors, absolute price...
Read MoreS&P 500 Composite (SPX) absolute price tested and held its 200-day SMA on 5/19/10. SPX is looking oversold for the short term. CBOE Put/Call Ratio rose to 0.82 on 5/19/10, its highest level of the year. A high level...
Read MoreUtilities Stock Sector Relative Strength Ratio (XLU/SPY) rose above 2-month highs 5/18/10 and remains neutral. Financial Stock Sector Relative Strength Ratio (XLF/SPY) fell below its 2-month lows 5/18/10 and remains neutral....
Read MoreTechnology Stock Sector Relative Strength Ratio (XLK/SPY) crossed back above its 50-day SMA on 5/17/10 and remains neutral. Consumer Staples Stock Sector Relative Strength Ratio (XLP/SPY) crossed above its 200-day SMA on 5/17/10...
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