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Algokid
Aug 2, 2014 3:02 PM

WEEKEND UPDATE :8/2/2014 

S&P 100 Stocks Above 200-Day AverageINDEX

Description

The S1TH saw its sharpest drop since March of this year, and currently sitting at 69.30 ( down from 83.16). The exit point for conservative investors is 65, but we are not there yet. Out of the three supportive indicators, only two remains in positive territory.

Very interesting times , is this the beginning of the end of one of the most profitable bull market run ? will we see a sharp jump just like in April ? I don't know. But with the information currently in front of me , this market is still "tradeable". Trade what's in front of you. Enjoy the rest of your weekend :)

cheers

Algo
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