Tuesday, June 28, 2011

SH looking pretty good

A weekly chart of the S&P 500 itself does not show the inverse of what the inverse S&P 500 ETF shows.
I see a bullish divergence in weekly 14-bar RSI. If the March high is taken out.....
at

3 comments:

  1. patrick neidJune 28, 2011 at 4:43 PM

    The market is still standing despite the continue assault of bad news going on almost six months. Good news would be shocking!

    ReplyDelete
  2. joedJune 28, 2011 at 9:07 PM

    I think it was you who that recently mentioned GM.
    I thought it was, at a minimum, an honorable mention but today it performed like excrement.

    I think it might be a good sell here.

    Great work as always......

    ReplyDelete
  3. Michael KahnJune 30, 2011 at 10:50 AM

    joed, GM was a Chart of the Day a few days ago with some bullish signs.

    ReplyDelete