Market Internals Weaken

10/26/2009 9:25 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The major averages and the market internals reversed from positive to negative Thursday and Friday, which is a negative sign. The Summation Index did not confirm the new highs last week and is now below its WMA. This increases the odds of a further decline with converging support at 1020-40 on the S&P and stronger support at 1000.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES

Keyword Image
MSG Networks: A Sporting Chance
12/12/2018 5:00 am EST

Validea is an advisory service which assesses stocks based on the investing criteria of many of the ...