Stock Market Analysis – 02-26-2010

February 28, 2010 at 8:43 pm · Filed Under Broader Market 

S&P 500 Daily ChartNormally I have a pretty quick opinion when I look through the data and post to this blog.  For some reason, I keep going back and forth right now though.  The economic numbers keep disappointing, but the fact that the chart has some bullish signs confuses me.  It looks like it’s setting up with some distribution in the middle of a leg up, but everything says we should be breaking below $1050.  Hopefully we’ll get some stronger signals this week.

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