Market Summary

As can be seen in the image below the pink background to the series of charts in the image is moving to the left. Now the hourly, 240 minute, and daily chart have the pink background color that indicates a downtrend. If the daily trend continues to the downside the pink background will move to the left on the daily chart and eventually the weekly chart will get a pink background as well. The image represents a spectrum going from long term to short term and the background color represents the trend. We are short term going down with the beginning of the intermediate term also going down. I have placed a sentiment meter on my blog here called My Current Sentiment. It will be updated when the trend changes. Click on image to enlarge.

Only the commodity indexes of Gasoline, Gold, and Oil were up for the week. I have added the FXI index to allow following China. Click on table to enlarge.