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Indicator Update for June 29th

Posted on June 29, 2009

Last week's indicator review concluded that we had lost upside momentum and were likely trading in a range defined by May's lows and June's highs. After dipping toward May lows early in the week, we bounced higher later in the week and ended on Friday pretty close to the middle of that broad range. Accordingly, we didn't see dramatic trending behavior among the S&P 500 sectors that I follow; prices remain relatively close to levels recorded in early May.Recall that the Demand/Supply Index (DSI) is a proprietary index of the number of stocks closing above and below the volatility envelopes su...

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highs , lows , momentum , new lows , sp , trading , volatility