Wednesday Outlook: Rally Over?

July 7, 2009


I guess HAL has been deactivated and GS has lost this little memory unit. If you see it lying around, well hell, they’ll buy it from you no doubt. Or, worse, you might get thrown in the slammer since nobody, but nobody messes with the Da Boyz.

The green shoots have turned to pond scum as investors, currently sans HAL, can't tell up from down. Volume is heavier on sell-offs and lighter on bullish days. In the meantime breadth data remains terrible.

click to enlarge






The McClellan Summation Index continues to fall from high levels indicating the bull trend is probably over for awhile.













































































Go to page 2 - Commodities, Global Markets >>

Comment on this article >>