Yawn – nothing happened today – which, for a Mutual Fund Monday is almost like a decline.
For those of you who read my friday updates on the Industrials and the SPY (Sp500 ETF) you know that on Friday both indicies jumped out of their bear channels and I am watching to see if they will get back into them this week. Here are updated charts.
60 Day SPY
5year SPY
60 Day Industrials
5 Year Industrials
As you can see they are both still above their Bear Channells. This week should set the direction for the next few months.
