The Market
Technical
The indices (DJIA 13127, S&P 1418) had another lazy, hazy day of summer, finishing down fractionally, but (1) still within striking distance of the upper boundaries of their short term trading ranges [12022-13302, 1266-1422] and (2) well within the boundaries of their intermediate term uptrends [12202-17202, 1283-1863].
Volume remains anemic; breadth weakened. The VIX rose but remained within its short term downtrend (a positive for stocks).
GLD rose, closing above the lower boundary of its intermediate term trading range and once again approaching the level of the last of the lower highs.
Showing posts with label eurocrisis. Show all posts
Showing posts with label eurocrisis. Show all posts
Tuesday, August 21, 2012
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