I charted the daily prices for the year to date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,107.21 on Friday, October 26, 2012. The 13,000 line has acted as support and resistance multiple times this year, but is not a solid barrier to continued momentum in either…
Month: October 2012
S&P 500 Chart – Red Flags
This S&P 500 ($SPX) chart shows the year to date daily prices after the index finished the week at 1,433.19 on Friday, October 19, 2012. The 10 day moving average (dma) isn’t shown here since I pulled the chart too far out to keep it from blending in with everything else. I can tell you, the 10…
Dow Jones Industrial Average Chart – Make It or Break It Moment
I charted the daily prices for the year to date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,328.85 on Friday, October 12, 2012. At the beginning of this past week, the 10 day moving average (dma) crossed below the 20 dma. This is usually an early indicator…
S&P 500 Chart – October 5, 2012
This S&P 500 ($SPX) chart shows the past year of daily prices after the index finished the week at 1,460.93 on Friday, October 5, 2012. Traders can see momentum shifts has occurred when the 20 and 50 day moving averages (dma) crossover on this SPX chart. The exact bottoms and tops of each cycle are not foreshadowed, but the…
2012 Stock Picks Contest – Q3 Update
It’s that time of the year. Time for the Q3 update in our 2012 stock picking contest. The rules are simple. We agreed to pick four stocks or ETFs and hold them for the entire year with no changes allowed. Regular My Trader’s Journal readers know I’m not really a buy and hold investor, so…