Look For The New RPBO Relative Sector Performance Indicator Coming June 14th! Industrials managed a small gain today, but the rest of the market continues to be very bearish. Heavy selling during the last 30 minutes of trading left the major indicies down for the day, with the DJI-30 closing below the 10,000 level. [...]
Dow 10,066.57 -126.82 Nasdaq 2,213.55 -15.49 S&P 1,073.65 -14.04 Sector Performance Analysis Financials -2.9% Analyze Energy -2.2% Analyze Materials -1.7% Analyze Industrials -1.6% Analyze Telecom -1.0% Analyze Utilities -.9% Analyze Consumer Discretionary -.8% Analyze Consumer Staples -.8% Analyze Technology -.6% Analyze Health Care -.2% Analyze Gold +.63% Analyze Oil -.6% Analyze The above [...]
S&P 500 Trend: Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, INX scored [...]
