Friday, March 27, 2009

SPX Weekly Chart - Resistance 3/27

$GDM Gold Miners Index - 3/27 Possible Sell



If you own mining stocks, please note. This is a possible sell signal. A lower low on Monday would confirm the sell signal. Occurring at a previous level of resistance gives it added weight.

Monday, March 23, 2009

$SPX Monthly Chart w 87-90 Trendline



Several bloggers have posted a monthlhy chart of the Dow Jones Industrials displaying the 1987-1990 trend line. I thought it necessary to post a monthly chart of $SPX with the same trendline. Notice that the trend line comes in very close to the 2002 low around 768.

Saturday, March 14, 2009

EUR/USD Weekly Chart - Bullish?


Note break of steep downtrend line and Morning Star buy signal off double bottom with positive MACD. Stock traders might consider buying FXE.