It seems there is a lot going on lately. The Health Care Bill didn't pass and it should be interesting to see if politics have an affect on the markets in the week ahead.
It's been awhile since we looked at the broad market indicator readings. At the moment, we have 3 negative and 5 positive. Possible signs of slippage are beginning to emerge, however, it is too early to predict a down market. Caution is the word of the week.
This Barron's chart of the Dow Jones Industrial Average (DJIA) vs the NYSE close who's both indexes were down this week. They've been showing some weakness over the last 3 weeks.
CNN's Fear and Greed Index went into Fear territory this week as well.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.