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The latest from the
IndexHunter session 06/16/2009
GLD - Double Top on weekly with downside divergence, downside divergence on monthly below signal line, daily turns down confirms other time frames and this happened on 6/4. IYT - weakness in daily, weekly and monthly, but showing no signs of interfering with the price. FDX - has more potential in near term than KSU and CSX it better matches the Transportation Index (IYT). KOL - losing momentum, daily is flat and dropping, hourly had a new high price, but lower highs on the indicators, this divergence means it needs to go lower and could make money in the short term, but the weekly and monthly are still strong just need to wait for hourly to turn back. ACI - Double Top on price but not on indicator. |