Weekly Commentary
June 23, 2010
The recent rally briefly pushed the S&P 500 above its 200 day moving average which is seen as a positive signal in classical technical analysis. The positive price action in the markets since June 8th gave renewed strength to the Stadion Investment Model, and we have begun to see a basing pattern in many of our indicators. This is positive news; however, declining volume has increased in the last few days, giving pause to the markets. For the model to begin to signal for new equity allocations the market price action must continue its recent upward trend, and we must have continuing confirmation from market breadth data. We will continue to monitor changing market conditions, and will make necessary adjustment to portfolios as market conditions and the investment model warrant. - SMM-062010-043Looking for more insights?
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