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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 686.10-0.5%Feb 4 4:00 PM EST
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To: Johnny Canuck who wrote (48822)11/30/2012 2:58:53 AM
From: Johnny Canuck1 Recommendation  Read Replies (1) of 70466
 
SP500 stopping short of triggering short term buy signal. Follow day confirmed from yesterdays action.



Day 2 of the counter rally in the DOW. Again it is weaker on a relative basis to the SP500. It is still in an intermediate down trend.



Let's see if the DOW transports set a lower high or continue on to test the high on the longer term sideways trend.



Day 2 of the counter rally on the COMPQ. It is still in a short term down trend. A cross of the 50 day SMA to the upside will set up a buy signal.



Russell 2000 will trigger a buy signal if the move above the 50 day SMA is confirmed tomorrow.



FInancials just stopping short generating a short term buy signal.


Energy still on a sell signal.



Day 2 of the counter ally in gold. One or two more up days then a continuation of the down trend.

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