Vacation Time

By | June 30, 2015

I picked the wrong week to go on vacation (or maybe the perfect week). You probably don’t need a rehash of all the gory details from me, if you have been following the tests and retests of the key technical levels that I’ve been highlighting for months, you know where we stand. One thing I will note is that 27% of the stocks in the S&P 500 index are below their 50 day moving average. This is a very low reacing and at levels where we have seen the market recover in the past. (This is a weekly chart and the candle is not fully mature.)

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