Monday, May 12, 2014

Market Timing Update (5/12/14)

[EOD] Stocks -
SP500 closed right around near term resistance (see charts), yet to make an all-time high. The Dow and the Dow Transports made all-time highs today.

[1055am] SPX update-
New high in the Dow and transports. The charts below show tracking counts on SPX. See weekend commentary for discussions.

[815am] ES update-