Above the 40 (June 20, 2017) – Buyers Fail to Follow-Through As the S&P 500 Goes On Notice
AT40 = 52.8% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.3% of stocks are trading above their respective 200DMAs VIX = 10.9 (volatility index) Short-term Trading Call: cautiously bullish Commentary The Fed hikes short-term rates, and long-term rates go down. This relationship is not the expected one but is … Read more