Technical Analysis Stock Market Review Week Ending 6/15/12
Markets were quite volatile this week and despite dire economic headlines (only price pays) the action overall was fairly constructive. The prior support just above along with the declining 50 day moving averages still give us reason not to trust that the worst is behind us, but things are becoming more neutral. The video below takes a look at the trends of $SPY $QQQ $IWM $XLF $SMH $FB $AAPL
Happy Fathers Day to all the Dad’s, especially mine!