Point & Go Figure: SIFY, IFN, PPH
I'm just taking a break!
On Friday the percent of stocks above their 50-day moving average indicators for the NYSE and Nasdaq Composite both reversed to negative. The short-term High-Low indicators remain extended and in high-risk areas.
Bottom line: Short-term indicators are growing increasingly negative across the market and remain in high-risk territory. Long-term indicators, though still positive for the NYSE and NASDAQ Composite, are in high risk areas and showing the long-term trend of diminished participation still intact. Bullish Percent indicators are negative for the Dow Jones Industrials, the Nasdaq 100 and the S&P 100, but remain positive, though deteriorating, for the Russell 2000 and S&P 500.
Satyam Infoway Limited (SIFY)
(Chart courtesy Thomson Financial)
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter