Site Meter The Lawyer Trader: Another Good Week For Stocks

Friday, July 24, 2009

Another Good Week For Stocks

We saw a great run this week with the equities as the S&P broke out into new highs and the Dow crossed the 9,000 mark. Will it keep up this pace? Who knows, but for now I'm in it. My TLT Trender v2 system is still giving a green buy signal so I'm staying long. We are in overbought territory on the stoch, so be careful entering new longs.

Here's a daily chart of the S&P with the TLT Trender v2 indicator applied and some annotations:
Have a great weekend!

TLT

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