Shared pre-market Monday morning that the markets action would revolve around the news from Europe (see post here) See update to that post at the end of the week… CLICK ON CHART TO ENLARGE So whats new today compared to Monday morning? Not much… some new leaders have been put in place in Europe and [...]
On 10/14 I shared the chart below, reflecting that the broad market was breaking key short-term falling resistance lines, which was bullish. (see post here) CLICK ON CHART TO ENLARGE The charts below reflect that bull market upside leaders, Russell 2000 and Mid-Cap 400 are now facing resistance levels that were very important back in 2007/2008. CLICK ON [...]
Last week I shared the chart below, reflecting the Bull market leaders, Mid-Cap 400 (MDY) and the Russell 2000 (IWM) were on key weekly support…Support is support until broken! (see post here) Mentioned yesterday morning due to the 500 on support and the VIX at resistance, a counter-trend rally was due. (see Macro/Micro post) [...]
Mid-Cap 400 (MDY) and Russell 2000 (IWM) rallied almost 50% more than the 500 index from 3/2009 to 5/2011, reflecting bull market relative strength. Below, MDY and IWM find themselves setting on the “edge of support!” CLICK ON CHART TO ENLARGE Support on these “weekly charts” remains in place! MDY & IWM finds themselves back [...]
CLICK ON CHART TO ENLARGE Apple broke above channel resistance on 9/3/2010 at (3) in the above chart and then rallied to the top of its channel over the next 5 months……gaining almost 30% after the breakout! The chart above was posted 2 days ago, sharing that the breakout of this bull market leader should [...]
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