Thursday, August 06, 2009

S&P 500 A Review.


We published the lower chart back in early June. I'm republishing it now for reference. Here also is the link to that post: http://lumencapital.blogspot.com/2009/06/s-500-chart-iii-where-we-might-go.html
I've updated that same chart on top to show the current market situation. Very over bought right now. Probability would suggest some sort of pullback soon.
*Long ETFs related to the S&P 500 for client and personal accounts.