Posted on: Saturday, March 27, 2010 7:12 PM EST
The NYSE and NASDAQ held the uptrend. The Value Line index just barely broke to the downside.
The bigger red-flag for the market is that the NYSE and NASDAQ Advance/Decline Lines broke to the downside.
Stock Market Timing Model (MTR-TM): Market Up Signal on 2/17/2010
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MTR-I week over week went negative twice
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RSI trending down but if it bounces off 50 it could be a short term buy signal
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MACD at an extreme level. There was a cross-over signal but MACD cross-over signals are unreliable.
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Volume showed three distribution days. The first day was on the quadruple witching day and volume should have been high that day regardless of direction (up or down).
NYSE & NASDAQ held the uptrend, Value Line broke the uptrend, slightly.
The NYSE and NASDAQ Advance/Decline Lines all broke to the downside. The AMEX ADLine still held the uptrend, but it lags NYSE and NASDAQ.
