Saturday, November 21, 2009

Dow % Bull for 11/20/09 close

The indicator came in at 9.87 at Friday's close. Still just slightly bullish. A lot of neutral readings and a lot of Dow stocks sitting on the 10 day moving average. Options Friday kept the market fairly range bound Friday. Monday and Tuesday the market should loosen up to one direction or the other. Let's hope its buillish. Then again, we could be "range bound" for the rest of the year and make no progress on the market. There still exists a significant divergence between small caps and large caps, with the Russell 2000 a good ways off the highs.


No comments:

Post a Comment