The SharePlanner Market Barometer is provided to you as a resource in determining overall market direction and mood. We primarily use moving averages to dictate direction for each of the indices listed below in combination with current closing prices, and the MACD indicator. The format is easy to read and understand and should help you better understand Wall Street sentiment and how that may affect the individual stocks in your portfolio.
The Market Barometer is updated at the end of each week. Last updated on 8/28/10
Note: No change in the Market Barometer this week. Everything still remains very bearish in the markets despite Friday's rally. I am very curious to see how the bears react to the rally and whether we move higher and squeeze the bears, or they fight back and drive the market even lower. Time will tell.
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