Thursday, August 05, 2010

It appears that the bear market may be over. With the DJIA above the 150 day moving average as well as a new trendline going up. It has pulled back a couple of times to form the new trendline. The only concern is that the S&P500 and Nasdaq are toying with the 150 day MA. Also the S&P 500 has not passed over the MA so there is more strength in the large caps and as much strength in the small caps.







No comments: