NAVIGATE THE STOCK MARKET FOCUSES ON: (1) Daily momentum analysis of the DOW 30 stocks and 15 ETFs across various market sectors. (2) Stock Market commentary and analysis. (3) Buy/Sell signals for major market turns. (((The blog is for information only. You assume all risk of its use; we don’t warrant the accuracy of our content. You must do your own due diligence.)))
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Tuesday, May 3, 2011
The Stock Market was Down, but not out today…
The
NTSM analysis can improve on down days. Even though we had a down day our Price,
Volume and VIX indicators all improved.
I won’t know till tomorrow if sentiment improved since that data is
published late
NTSM is s till a BUY. I said a few days ago that we might have a
few down days and trade as low as 1305.
At this point I think 1325 is the near term low (at worst). We’ll see.