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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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May 23, 2016

Market Remains Quiet

Monday May 23, 2016

Today was one of the quietest trading days of the year with little change from Friday.

Screen Shot 2016-05-23 at 3.30.48 PM

End of day indicators will be posted later but I doubt there will be much additional useful data from Friday.

120 minute chart DIA

Screen Shot 2016-05-23 at 3.39.45 PM

I count five waves down from the top. The PAR SAR is giving a buy signal from the reversal Friday.

And  notice this is about where the market found some support in early April. We shall see.

NYSE A/D

Screen Shot 2016-05-23 at 6.24.23 PM

From the upper panel down

RSI bouncing at the 50% level

the index itself bounced of the 34 day line

MACD could be moving sideways,

Tom McClellan suggesested than in election years the market holds up into July, that may be the case here.

Posted at 04:37 PM |

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