Saturday, June 2, 2012

Weekly Charts Updated (Superstock Investor Morning Matters)

Each week we highlight charts below of the S&P500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and CFT. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name. The TLT and UUP are positive with all others having turned negative. It remains make or break time here and looks like we are breaking.

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