Tuesday, August 4, 2009

Long Legs - MCO update

There is not a whole lot to say here, the SPX has tremendous upward momentum. Most of the indicators are overbought and a correction is always possible but there is no indication of a top yet. NYSE New Highs hit 177 and are expanding from the 33 plateau of the last three months. NASDAQ/NYSE volume rations are still favorable.

MCO for 8/04/09
Yesterdays SUM Index was a new high