Friday, July 30th, 2010

The S&P index generated a negative signal for the third week in a row. It also formed a bearish outside month/lower close which marked the worst monthly performance since the March 2009 low. Sector weakness was noted in Energy/Commodity related amid Dollar gains (Coal KOL -4.5%, Gold Miners GDX -3.4%, CRB Index -2%, Steel [...]