Hi VVG,
Did I say something about R2K? I know I intended to - must have got lost some where. :)
As you might realise, it takes me about 8 hours of real time work to prepare this report. And there are breaks in that time span. Sometimes I lose track of what I'm going to say.
R2K from early July is looking weak while Dow 30 and SP500 are in uptrends. It suggests that breadth is suspect - this uptrend is being led by the large cap stocks. If breadth doesn't support - then the uptrend is in doubt.
I don't think I mentioned this but I had thought also about putting up a chart of NYMO - chart based on the breadth of the market. it also, similar to R2K, is setting up lower highs while Dow 30 and SP500 set up higher highs. Again breadth is poor so strength of uptrend in broad market indices is suspect.
Enough for now. That's brief but I hope it adds some additional information.
Redbacka
- Forums
- ASX - By Stock
- XJO
- redback report, week ending 27 july, 2012
redback report, week ending 27 july, 2012, page-8
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a |
Open | High | Low |
7,987.9 | 8,079.0 | 7,979.5 |
Featured News
XJO (ASX) Chart |