Tuesday, July 8, 2008

Way Oversold

I use this chart as one of my market "health checks" to help determine where the market might be headed in the near future. Right now it says that there are so few stocks trading above their 50 day moving average that a bounce is likely soon.

2 comments:

Anonymous said...

I'm 100% in. Let's see how that goes...

Anonymous said...

I was up 5% yesterday and another 5% today--holding APWR hasn't hurt. I have no idea why my portfolio danced around the carnage today.