My Opera
Stock Market Update for Tuesday, June 30, 2009
Wednesday, July 1, 2009 1:46:54 AM
As noted in yesterday's post, the S & P 500 made a run to 930 at the open and promptly retraced.
Tuesday, June 30, 2009 Market Results[/U]
DJIA -82.38
S&P 500 -7.91
Nasdaq -9.02
Russell 2000 -2.33
The question now is are we forming a Head and Shoulders formation? That's to be determined. We are nearing a buy signal on the daily MACD (not yet tho...) With a buy signal already on the ADX. S&P 923 will be key tomorrow. Being neutral would be a good idea until confirmation is given one way or the other.
Tuesday, June 30, 2009 Market Results[/U]
DJIA -82.38
S&P 500 -7.91
Nasdaq -9.02
Russell 2000 -2.33
The question now is are we forming a Head and Shoulders formation? That's to be determined. We are nearing a buy signal on the daily MACD (not yet tho...) With a buy signal already on the ADX. S&P 923 will be key tomorrow. Being neutral would be a good idea until confirmation is given one way or the other.
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