Groupmark China Index makes a new recovery high
June 1st, 2009
The Groupmark China Index continues into new high for this bullish phase. This move negated the concern of the two reversal days. In our last post we talked about support at 1444.56, which was not tested before the index went into new high territory.
Another positive indicator was the advance decline line pushing into new highs confirming the new high in the index.
Our index also is outperforming the S&P 500.
All our indicators will be available shortly on GroupmarkChinaIndex.com