FT: S&P 500 Fell Below Its Lowest Closing Price in 10 Weeks
S&P 500 Composite fell 12.78 points or 0.97% on Friday to its lowest closing price in 10 weeks, since 3/23/11, again reconfirming its preexisting bearish trend.
Junk/Investment-Grade Corporate Bonds Relative Strength Ratio broke down below 6-month lows on 6/3/11. Absolute price of JNK peaked at 41.32 on 11/4/10.
Technology SPDR stock sector ETF absolute price broke below 6-week and has been trading choppy with a downside bias since peaking at 27.09 on 2/18/11.
Financial SPDR stock sector ETF absolute price broke further below 6-month lows and remains bearish.
The U.S. dollar nearest futures contract price fell below the lows of the previous 4-weeks, confirming a downside price correction.
