Tuesday, October 30, 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. All indexes and or ETFs except UUP and now TLT are positive. Do not let the recent weakness drive you to the sidelines. The media has made a big deal over the violation of certain 50 day moving averages. Remember what matters more is the slope of the 50 day moving average. More misinformation from the media.

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