I charted the past one month of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,454.83 on Friday, May 25, 2012. The chart for the past month has enough to offer that I didn’t need to go back any longer. In my $SPX Chart last weekend…
Month: May 2012
SPX Chart – Oversold?
This S&P 500 ($SPX) chart shows the past year of daily prices after the index finished the week at 1,295.22 on Friday, May 18, 2012.. The reason we look at charts is to try to find a pattern in the past that could reflect the direction to come in the future. We’ve all read the disclaimers…
DJIA Chart – Trading Channel or Not?
I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,820.60 on Friday, May 11, 2012. I went back six months on this chart so I could point out where the DJIA had its 50/100 day moving average (dma) bullish crossover…
S&P 500 Chart – Range Bound Again
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,369.10 on Friday, May 4, 2012. The technical indicators are not giving as clear of a picture as they often do in foreshadowing what is to come in the near term. This tends to happen when…