Market Breadth Data******************************

Tuesday, May 31, 2011

Now here's an interesting chart to consider:



The blue line is the daily trend summary, found on p. 23 of Trading the SP500, while the second line shows the actual SPY performance for May.

FYI, the summary for June can be found on p.46

Below is MCD at the close:


Missed the low by a penny this time.

The chart below is a text book example of the ability of the "price motion model" to resolve chart patterns (J.M.Hurst, The Profit Magic of Stock Transaction Timing, pp.51 & 57):

MCD double bottom of Jan-Mar 2011.
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