Thursday, January 21, 2010

Can Corporate save the day?




Took a snap shot of S&P 500 from yahoo finance. Seems like we are heading for a rough time these couple of weeks. RSI is signaling a reversal trend. The intersection of the moving average and signal formed a reversal trough which more or less confirm the downward trend. Hopefully good news from the corporate releases will provide some reprieve, from a technical standpoint though..not that great...

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