Tuesday, October 13, 2009

Stock Market Commntary: Indecision Day 2

Another day, another doji for the markets. You could more or less copy-and-paste yesterday's comments for today. There were only two points of interest. First was the positive test of the 20-day MA in the Russell 2000


Second was the MACD trigger 'buy' for the SOX. However the index finished below resistance.


On the breadth front there was a bullish cross of the 5-day EMA for the Bullish Percents.


With the VXN toying once more with long term support


We'll see how it will all mix up down the road.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.

 
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