Category: Indices

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 …

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 …

March was a pretty good month for me.  I increased my exposure close to the right time and was able to ride the rally off the lows to a profitable month while the major indexes lost value.  The smartest move I made was not closing any positions when the market started to look shaky.  My prediction of a 5% correction was close as the dip went a little over 4% before snapping higher again.  I’m not expecting this to be …

I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 13,228.39 on Friday, April 27, 2012.

The DJIA hit its 2012 closing high intraday on Friday after nearly three weeks of being in rally mode.  The rally cooled at that point, as is …

I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 12,849.59 on Friday, April 13, 2012.

The moving averages have been the story lately for the large cap index.  Last week I pointed out the S&P 500 was headed for the 10/20 day …

This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,398.08 on Thursday April 5, 2012.

Thursday’s close left the SPX in a precarious position.  It remained above its four month trend line of higher lows, but closed below its 10 and 20 day moving averages …

March was a much better month for stocks than I expected and because I wasn’t bullish enough I trailed the market and lost some ground on my comparisons with the indexes for year to date returns again.  My lack of stupid moves is still working for me with respect to not taking big losses, but I’m also not taking enough chances to keep up.  There is a middle ground I need to find still.  Then again, if we had seen …

I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 13,212.04 on Friday, March 30, 2012.

The trend lines of support and resistance that have been in place for the past six months are still holding true, but are inching their way towards …

This S&P 500 ($SPX) chart shows the past four months of daily prices after the index finished the week at 1,397.11 on Friday, March 23, 2012.

The S&P 500 made yet another trip to the top of its trading range, but found resistance at the trend line of higher highs.  As has been the case since …