Market is finding very hard to breakout decisively without a meaningful catalyst. At the same time, global drama is keeping lid on the markets. What can we expect in near future!!! BPNYA continues remain below EMA(30) while Volatility ($VIX) remains in a range between 12-15. Daily NYSE chart suggest that market is possibly stuck between MA(50) and MA(200). Not much has changed on Weekly NYSE chart below. NYUD is not providing a sign of confidence, as it has dropped below EMA(42) while RSI has dropped below 50 mark. It will not be a surprise if we see a swift decline in market over coming days/weeks, as path of least resistance appears to be on downside. Also Greece situation will provide more fuel to the matter if not resolved in market friendly way.
What does it mean for our Investments?
Market remains directionless, remain alert... Comments are closed.
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