Tuesday, July 14, 2009

Bulls Will Not Be Denied!

And You Guys Thought We Were On the Run. Check My Action Out.
There are some little blips in the Money Markets that could be significant. Perhaps a trend change may be in the making. It is too soon to tell but bears watching. "Follow the Money."
Same Story with the Treasury ETFs. Treasury Notes are Government Mattresses that serve often serve as places to park money that could be use elsewhere as in the equity markets. When asset allocation happens market behavior can change. Simply needs watching.
10 Day, 30 min. - July 14 - Price action was mostly sideways today with some bullish moves late afternoon. The Channel Trend is still down although the last couple of days have had bullish behavior.
3 Month, Daily - July 14 - Channel Trend is down. Market closed at High Tide within the Channel. MACD & CCI are rising which suggests more bullish moves as opposed to bearish.