Market Comment (S&P 1252) (DJII 10892)

On May 9th, 2006 I published a Market Comment blog to say that I was paying attention because we were at too many important market resistance milestones. That turned out to be the date of the recent market peak.

Here's another market milestone. This week too many stocks that I follow pushed their noses below their own 200-Day Moving Averages. That's not healthy, so once again I'm paying attention.