SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%Nov 26 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pater tenebrarum who wrote (17873)6/19/1999 3:14:00 AM
From: Moominoid  Read Replies (2) of 99985
 
Market Edge just downgraded SPY:

Weekly Second Opinion - SPY
06/21/99

DOWNGRADED
SCORE = -3

COMMENT
Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a POSSIBLE TREND REVERSAL
Relative Strength is NEUTRAL
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is rising which is BULLISH
LOOK FOR SUPPORT AT 129.63
PRICE IS ABOVE RESISTANCE OF 132.05 WHICH IS BULLISH

RECOMMENDATION
STOCK SHOWS STRONGLY DETERIORATING CONDITIONS SCORE = -3
IF YOU ARE LONG, CONSIDER CLOSING POSITION OR MONITOR STOCK CLOSELY
STOCK IS NOT A SHORT SALE CANDIDATE
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext