The Average Investor's Blog

A software developer view on the markets

The Weekly Update

Posted by The Average Investor on Jun 26, 2011

Another red week for the indexes. A loss of 1.18% in the US REIT index (VNQ) pushed this last index below its 20-week MA. As of Friday, all indexes are signalling out of the market based on the 20-week MA.

This week is also the last trading week for the month of June. S&P 500 has been in buy mode since Sep 30, 2010 with respect to its 10-month EMA. If S&P 500 closes the month of June below $1,265, this will move the index in neutral territory. We are in for an interesting week, considering that S&P 500 closed at $1,268.45 on Friday.

EMA Trigger Price
10-month $1,265
12-month $1,248

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