Lackluster Performance for the Indices; SPY Volume Still an Issue

By | June 23, 2015

Small gains and hardly decisive action of the index charts, but the more time the DJIA and the S&P 500 index stay above their 50 day moving averages, the more time for better things to develop. The same goes for the Russell 2000 and the NASDAQ Composite, and holding the new high breakout level is the key to the sustainability of their moves.

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Once again, SPY volume as a percent of the 50 day moving average of volume was poor.

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