Showing posts with label ARE. Show all posts
Showing posts with label ARE. Show all posts

Friday, December 26, 2008

TODAY'S ACTION

Another boring day with nothing particularly interesting to note.

SPX Charts by time frame:


1-day: depicts a rounded cup pattern.

3-day: possible ascending triangle.
5-day: a pennant.

10-day & 35-day: locked within a neutral range.

3-month: All of the above, but the market is also bound by the 20-day and 30-day MA. The entire day was within that range and formed a "spinning top", an irrelevant candle in most cases. Note: very low holiday volume.


SPX 1-day

SPX 3-day

SPX 5-day

SPX 10-day

SPX 35-day

SPX 6-month

I've also added several stocks on my watch list for potential breakouts.

Don't forget to try the Free Trend Analysis. It's FREE, so give it a shot!