I charted the past three months of daily prices for the Russell 2000 Index ($RUT.X) after the index closed at 826.92 on Friday, February 24, 2012. The small cap index had a great rally from the middle of December through the first few days of February. That’s when it broke out of its narrow trading channel…
Month: February 2012
MidCap 400 Index Chart February 17, 2012
I charted the past six months of daily prices for the S&P 400 Mid-Cap Index ($MID.X) after the index closed at 984.60 on Friday, February 17, 2012. In most of my charts recently I’ve been posting three month periods of indexes. The main reason was to be able to focus on the near term trends without…
INDU Chart – Testing Technical Indicators
I charted the past three months of daily prices for the Dow Jones Industrial Average ($INDU, $DJI, DJIA) after the index closed at 12,801.23 on Friday, February 10, 2012. Two weeks ago when I last charted the Dow, I suggested the index might have one more trip to the top of its trading channel before rolling…
S&P 500 Chart – February 3, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,344.90 on Friday, February 3, 2012. Three trend lines stand out in this chart. All are ascending. The lowest line traces the trend of higher lows that started in November. The top line tracks the trend of…