S&P 500 - DOJI close on March 17, 2011
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The ETF SPY (proxy for the S&P500) has a DOJI close yesterday. This normally indicates a lack of direction or indecision. It was also an “inside day” in that the highs and lows were within the range of highs and [...]
Moving Average
Moving averages are used to emphasize the direction of a trend and to smooth out price and volume fluctuations, or “noise”, that can confuse interpretation. Typically, upward momentum is confirmed when a short-term average (e.g.15-day) crosses above a longer-term average (e.g. 50-day). Downward momentum is confirmed when a short-term average crosses below a long-term average.
S&P 500 Correction - March 14, 2011 unitedfinancialplanner.com
The S&P 500 appears to have broken the upward channel that has been in place since September 2010.
The next point of resistance for the S&P 500 is 1,275.
S&P 500 Channel Break Out To The Downside
The S&P 500 penetrated the lower channel of the recent upward channel with a gap down on very strong volume.
The index also pentrated the the 200 moving average and closed below 1,200. The next 3 trading sessions will probably test the recent move to confirm that the channel is broken and we are in for [...]
VIX - Breakout to Upside - March 11, 2011
During out last post on the VIX we said the chart has a symetical triangle pattern and it could break out to either direction.
Yesterday the VIX broke out to the upside indicating increased volatility in the market.
Market Turning - March 10, 2011 - unitedfinancialplanner.com
The DJIA closed near the daily low and below the resistance level of 12,000.
The S&P 500 closed below 1,300 and near the daily low on strong volume.
These moves are very bullish. Lets see if the market follows this trend on Friday.
Technical Analysis - Volatility - unitedfinancialplanner.com
The VIX, or CBOE Market Volatility Index, made a lower high and higher low yesterday, March 8, and is created a symmetrical triangle. These triangles can resolve to either the upside or downside but can tend to resolve to the current direction. In this case the current trend of the VIX is up. Below is [...]
Technical Analysis - March 08 2011 - unitedfinancialplanner.com
The S&P 500 is broke through the lower support line of this now long running upward channel.
The recent highs of this index did not come close to the upper support line of the channel.
The recent down days have also had above volume.
These are all indications of a tired bull run. Further pentration of the downward [...]
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