Stock Market Overview - 2/5/12
The Stock maket had another strong up week last week. The question now is, are we going to continue upward or not.
Looking at the monthly chart for the S&P500 and we see that we are approaching resistance at 1370 that was set in May 2011.
The daily chart shows the strong movement past the low [...]
Weekly Stock Market Overview – 01/29/12
S&500 Monthly Chart
The close price is above the 200, 50 and 21 period moving average, which is bullish.
The S&P500 close on Friday was right at the upper channel of wedge channel. If the price can get through this resistance, the next stop would be the previous high of $137.18, set in Q2 2010, with [...]
S&P500 bottom for 1/27/12?
Looks like the S&P500 wants to possibly create a bottom here on the 5 minute chart.
SPY ETF 1/27/12 mid day
We keep making lower lows on SPY ETF 5 minute intra-day chart. Looks like we may test the last low around $130.
The three moving average are all now downward pointing and in the right order. The slower (200) is first with the second being the 50 and the fastest (20).
Stock Market January 27, 2012
The SPY ETF closed down significantly but not at its lows for the day. The 20 period moving average penetrated the 200 period moving average generating a bearish indication.
The 50 period moving average did not penetrate the 200 moving average. This would increase the bearish sentiment if this happens today and based on [...]
Markets – Intraday – 01/26/12
Looking at the S&P500 on an intra-day 5 minute candlestick chart, I will sell SPXU (currently long) if the 5 minute chart shows a low and a subsequent higher low.
Technical Analysis of the Market - August 22 2011 unitedfinancialplanner.com
Today was a small up day for three major US Stock Market indexes.
The upward movement did not break out of the intra-day 15 minute chart of the SPY.
It looks like we may come closer to testing the recent lows.
Need to see the SPY break out on the upside by coming out of the descending channel. [...]
S&P 500 - Possible Candlestick Evening Star
The S&P 500 (SSO 200% of SP 500 ETF) created an up gap on opening and held the gap breaking through a week resistance of of 1350 on the S&P.
It was also the eighth day of a strong bull run.
Yesterday candlestick formation could be defined as a Evening Star. The previous day was up and [...]
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.
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