4-22-09

	Triple Moment	MACD	TRIPLE MA	PRICE relative
$INDU	8%	BEARISH	BULISH (barely)	BEARISH
$SPX	13%	Neutral	BULLISH
$NDX	21%	Neutral	BULLISH	BULLISH
SMH	20%	BEARISH	BULLISH	BULLISH
XLF	31%	Neutral	BULLISH	Neutral
IYR	35%	BULLISH	BULLISH	BULLISH
FXI	17%	Bearish	BULLISH	Bearish
EWZ	23%	Bearish	Bullish (barely)	Bearish
IWN	29%	BULLISH	BULLISH	BULLISH
USO	-19%	bearish	Neutral	bearish

Overall, the momentum is fading, that explains the selling of today. since there is no way to go higher, so, it is the time to take profit.

SMH is interesting. it staged a very strong come back. normally, it should be a sign that it can go even stronger. but in the light of bearish macd, it is best to wait.