July 12, 2009 July 12, 2009 By charlie In , , , , , ,

NYSE Summation Index ($NYSI)

NYSI090712The NYSE Summation Index continues to move lower, signaling persistent selling pressure and broad market weakness. Until this indicator reverses and heads higher, the market will continue to liquidate, potentially taking us to the March lows. Stay defensive and manage your risks by cutting loses quickly.