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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (48168)	6/28/2012 4:57:32 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69827

SP500 so far has survived the test of the first support level. The 20 day and 50 day SMA are actually starting to flatten out, so we may be starting to entry a consolidation trend. The volatility of the market and the fact we are entering earnings season means it is important to wait for confirmation as anything can and will happen. DOW is a little more advanced in entrying the sideways pattern. DOW transports still trapped in it trading range, no leadership in this sector. COMPQ is still in a down trend. It looks like this sector may be the last to rally unless earning season changes the sentiment in this sector. Financials still on a sell signal. Financials still on a sell signal. Gold also still on a sell signal. Energy technical still on a sell signal, but it has at least survive the test of the first support level and is bouncing. Russell 2000 still on a sell signa. Natural gas trying to confirm the break out fhe range from yesterday, but failing.