The overall tone of the market remains negative. The general SMA situation is negative. The 200 and 50 day SMA are moving lower. The 20 is moving sideways. The 10 day SMA is rising, but prices retreated from the 50 day SMA. Should prices move below the 10 day SMA they will bring the 10 day SMA lower.
Although prices were fluctuating just below the 50 day SMA, they did so on decreasing volume indicating decreasing buying interest.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.