Guy S. Ortmann, CMT | Apr 20, 2015 08:39AM ET
Data Remains Largely Neutral
Opinion: The indexes suffered notable losses on Friday with very negative breadth and higher trading volumes suggesting institutional distribution. The charts weakened on several levels while the data remains essentially neutral with a couple of mildly positive signals. So, while the short term may see some bounce or sideways movement for the indexes, we remain concerned for the more intermediate term outlook.
SPX: 2,067/2,115
DJI: 17,827/18,204
COMPQX: 4,898/???
DJT: 8,647/9,002
MID: 1,496/1,540
RUT: 1,249/???
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