Tuesday, May 18, 2010

I’m still on vacation until May 22nd

I may still be on vacation, but not totally out of touch. EFA or European stocks are in trouble and I would and will stay away. The S&P 500 and Small Cap are holding on but it is turning more desperate. The 500 entire bar cleared my resistance line, but it still above the 50 week MA and the RSI is above 50. The Small cap is still above the resistance line and 50 week MA and the RSI is still above 50.

All in all, the outlook based on charts is bleak.

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