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Both Fred and Avon made good moves yesterday with Money stream turning up in both cases. They will be worth watching today Chart here on FRED   And the chart here on Avon (AVP) I like both charts and they  [Continue reading…]

SP-500 at the 50 day MA

The 50 day moving average may act as resistance for the SP-500 today as it moved higher over the last few days. Should it move up and break it it would indicate a change of direction for the market –  [Continue reading…]

SP-500 bounces off of support

The SP-500 bounced nicely off of support and the short term trend is now up despite the poor unemployment report from the US on Friday morning last. Money stream is up and it looks like the big boys want to  [Continue reading…]

S&P-500 at support levels again

The SP-500 is back at support levels again at 1875 level. It did not take long to get back there. The big question now is whatever it will bounce from the double bottom. The Money stream is very weak. Chart  [Continue reading…]

Trend is still down

Despite the rally on Friday the overall trend is still down. Europe had a good day on Friday last but it is giving some back today as the market opens. Not great news out of China this morning has not  [Continue reading…]