Daily Market Snapshot
 |
| Red is bad and Green is good |
Market Direction Model
 |
| The absence of blue impulse indicators on the left side of the MDM show that today's up move was not as strong as it appeared to be. Caution is still called for. |
Trendline Analysis
 |
| S&P 1500 Composite Index |
The European recession/depression and debt crisis is likely to be the tail that continues wags the dog until the Greek elections on June 17th. Until that time we can only speculate on the future of the Euro. For now the Euro is dropping like a rock as the US Dollar continues to strengthen. This has been the reason for the dramatic drop in all commodity prices recently.
Addendum: European Youth Unemploymnet Rate
 |
| European Youth Unemployment Skyrockets |
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
No comments:
Post a Comment