ajtj99's Market Pulse

[Jerry Olson]

actually Justa

a short term indicator reversed down yesterday on P&F. The Percent of stocks above the 10 week moving averages...

this is a volatile short term indicator as stocks move up and down above and below that line...

i am still thinking here we touch and test the 20 ema's on all index chart, albeit slowly..

the street is now worried about a .50 basis point rate hike. i doubt we get that but who knows.

also always ahead of earnings season we get the pullback in the market to re adjust the eps numbers...

to me this will be a wonderful buying opportunity on down the road on this re set...`