Weekly Market Update: Brexit brings GDOW Below its 30 Week Moving Average

The market was down this week largely due to the BREXIT vote. Britain voted to leave the EU. The indicators are 50/50. There were still more new highs than lows, which I find interesting. 






Another interesting item is that the DOW declined but the NYSE A-D went up. Also a positive indicator. (Barron's Data Here)

 

I will want to see what transpires next week, but think this could potentially be a buying opportunity. We'll see.