Friday, February 27, 2009

02.27.09 - Watershed Day?

The good news today... is that with numbers like this, it becomes much easier to beat to the upside down the road. With prices down over 50% from peak values, the market knows this and can begin to think about recovery down the way. How long that road is; however, remains anyone's guess. Cumulative Tick and AD lines are constructive for now. While several indices have actually gone positive, I expect the S&P 500 to face potential resistance near yesterday's close. Keep an eye on that rising VWAP all day long.

Never Investment Advice

2 comments:

Anonymous said...

Jeff,

Thanks for the good work.

I use TradeStation, and I would appreciate better understanding the indicators/settings you have on the screen you use & paste on your blogs. Is there a post that describes it?
Thanks

Jeff Pietsch CFA Esq said...

Hi Anon, just now you are best off exploring "Studies Systems & Methods". Here is a good one: http://marketrewind.blogspot.com/2008/07/anatomy-of-day.html

Cheers, Jeff