Blog Post On: 6/20/2010

All the major indexes are touching Resistance levels hit back in early March. The last two trading days of last week the markets basically stalled on resistance. Overall the downtrend was broken and RSI has been supportive of the move higher.

Stock Market Timing Model (MTR-TM): Market Up Signal on 6/16/2010

  • MTR-I: Week over week +2.5%
  • RSI:  52.57 supports the up move. 
  • MACD: -14 moving up toward zero. Crossing over zero supports more upward movement in the market.
  • Volume: Held up for two flat days of trading.


All major indexes touching resistance.


Volume last two trading days about as flat as the market