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Video: S&P 500 – Correction or Major Trend?

June 17, 2009 10:13 pm

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished watching a short video on Ino.com that details many of the key concerns that I have for this market.  If you have not seen any of the videos on Ino.com before you may enjoy this one.  This video does not require a plug-in.

The video is free to watch and there is no need to register. Let me know what you think…

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Written by laura716 · Category(s) Markets, Stocks, Strategy    |  Tags: • •   

2 Responses to “Video: S&P 500 – Correction or Major Trend?”

  1. Jon on June 18th, 2009 6:01 am

    Good video. Although we have seen this "trendbreak" with MACD "confirmation" twice before in this rally.. And it has cost me some coin every time. Although, this time I was ready for the break and the move down to 900. I don't think the dip buyers and the bulls are quite ready to give up the ghost. I suspect some bouncing off the 200 day MAs, and especially support off previous 880 swing lows. That said, am only 8% invested. The portfolio is mostly market neutral with a slight downward bias. Also slightly bearish of gold, and neutral to positive of FCX as a pairs trade. We shall see.

  2. tradeking13 on June 18th, 2009 10:21 pm

    Using Exponential Moving Averages (EMA) paints a more bearish picture.

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&amp…

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