This S&P 500 ($SPX) chart shows the past 3 months of daily prices after the index finished the week at 1,409.15 on Friday, November 23, 2012. The SPX closed above its 20 day moving average (dma) for the first time in more than a month. It moved above the 10 dma to open the week. However, one…
Month: November 2012
DJIA Chart – 3 Years, Monthly Prices
I charted the monthly prices for the past three years on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,588.31 on Friday, November 16, 2012. A few key indicators stick out on this chart that might help technicians with longer-term planning. The DJIA broke through its 10 month moving…
Russell 2000 Chart – Oversold?
This Russell 2000 ($RUT) chart shows the past 3 months of daily prices after the index finished the week at 795.02 on Friday, November 9, 2012. The trend lines agree that small caps have gone far enough south for now. The index found support the past two days at the two trend lines of lower lows I…
S&P 500 Chart – Not the Prettiest Picture
This S&P 500 ($SPX) chart shows the past 12 months of weekly prices after the index finished the week at 1,414.20 on Friday, November 2, 2012. The Williams %R indicator sent out warning signals in October and hasn’t reversed yet. The 14 week indicator continues to flow downhill, while the 28 week indicator is ebbing a…