Presentation on theme: "Market Update – May 2012 Daryl Montgomery May 22, 2012 Copyright 2012, All Rights Reserved The contents of this presentation are not intended as a recommendation."— Presentation transcript:
Market Update – May 2012 Daryl Montgomery May 22, 2012 Copyright 2012, All Rights Reserved The contents of this presentation are not intended as a recommendation to buy or sell any security.
Background Material for Charts Moving Averages – 50-day, 200-day, 325-day or 10-week, 40-week, 65 week RSI – relative strength index, 80-overbought, 20 oversold, 50 divides bearish and bullish MACD – moving average convergence divergence, zero divide bullish bearish, peak and bottom numbers variable DMI – Directional Movement Index, +DI (blue), -DI (red) and trend line (black).
Market Summary Large number of stock markets globally have technically broken down (U.S. exception). VIX hits 25 target. Gold and silver just tested support. U.S. interest rates around all-time lows. Dollar heading toward big rally. 325-day, 200-day moving average relationship odd. Stock/commodity markets should be weak into the summer.