Friday, April 26, 2013

26 April 2013 Daily Analysis

 The S&P is still looking bullish.  The MACD crossed over again this week to be bullish.  The Stochastics are looking the same way.  The price is still above the 8 day moving average and the 21 day moving average.
The Russell index is also showing that it wants to go back to a bullish mode.  I am concerned with the downturn a few several weeks ago and not being able to make a higher high yet.  Next week will tell if it will turn up.  The indicators still show it is very oversold.
 

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