12-29-05 market briefing
Market Strength 20-day low: ~2406 (12/27 monday)
Market Strength 11-day stochastic: 14, neutral
Nasdaq 20-day high: ~2270 (12/6)
Nasdaq 20-day low: ~2215 (12/20)
Nasdaq 20-day stochastic: 26, falling
Breakout Strength, 20-day, 80-period %D stochastic: 35, rising
Outlook: Watch for weekly breakdown. Volatile moves, SPX:TLT ratio showing signs of stabilizing, but break of Wednesday's low may confirm downtrend. Sell into stength, tighten stops. Wary of false breakouts. Energy breaking down.
Find potential long and/or short plays for the first week of January.
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