Wednesday, May 26, 2010

Stock System Update

During the recent stock market volatility, our long-term stock systems have remained long. Our intermediate overbought/oversold have been slightly "long" through the turbulence -- and they are now moving to a medium to strong long position.

Volatility and scary drops have returned for now -- but the computer systems are giving a green light. We moved back down to the area of the "Flash Crash" and there looks like there is solid support in the 1050-1060 area on the S&P.

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