jump to navigation

mid-Week “Heads Up !” May 16, 2011

Posted by Tom in Thoughts.
trackback

This will be a very short posting, but I feel it’s important because as of Monday (5-16-11), it appears that the markets may be changing.  A level to watch is around the 1329 point on the S&P 500 Index.  If that should break with conviction, we will likely be headed lower.

A quick look at the Direction of Accumulation (green) & Distribution (red) of stocks in the broad S&P 1500 Index is shown below.  Note: this is Direction and not the level / amount; that is still showing a rather neutral split, but it takes a few days for levels to change.  Right now (5-16-11) the Direction is toward Distribution out of stocks.  Caution and your kind attention is recommended.

Be Safe and have a good week.     (click on graphic to enlarge)

Chart used with permission from www.highgrowthstock.com; copyright 2009-11

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: