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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (17873)6/19/1999 3:14:00 AM
From: Moominoid  Read Replies (2) | Respond to 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



To: pater tenebrarum who wrote (17873)6/19/1999 3:48:00 AM
From: fedhead  Read Replies (2) | Respond to of 99985
 
Do you know the leading stocks in the Nikkei ? If one were to buy a
basket of stocks as a bet on a Japanese recovery which one would they
be ?

Thanks
Anindo