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Point & Go Figure: IGE, RBAK, NDX


I've still got the ball, pally.


Market Overview:
The short-term indicators remain in high risk areas. The Percent above 50-day MA Indicators for the NYSE, Nasdaq Composite, and S&P 500 are all currently in Xs but moving in corrective fashion back into high-risk areas above 70%. The High-Low Indices are negative and in high-risk areas for both the NYSE and Nasdaq Composite.

The long-term bullish percent indicators for the NYSE and Nasdaq Composite remain in Xs but have deteriorated from their recent readings while the long-term pattern of diminished participation remains intact.

Charts of Interest:

Natural Resources iShares (IGE)
(Chart courtesy

Redback Networks Inc (RBAK)
(Chart courtesy

Redback Networks Inc (RBAK)
(Chart courtesy Thomson Financial)

Nasdaq-100 (NDX)
(Chart courtesy

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No positions in stocks mentioned.

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