Category: Stock Charts
May 20, 2012
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 …
May 13, 2012
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 …
April 29, 2012
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 …
April 15, 2012
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 …
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April 7, 2012
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 …
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April 1, 2012
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 …
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March 25, 2012
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 …
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March 17, 2012
I charted the past year of daily prices for the S&P 400 Mid-Cap Index ($MID.X) after the index closed at 1,000.73 on Friday, March 16, 2012.

I’m short on time this weekend, but a lot of this MidCap 400 chart speaks for itself. Resistance could surface from the previous high last spring and from the trend line of …
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March 11, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,370.87 on Friday, March 9, 2012.

The S&P 500 maintained a narrow trading path for more than two months using the same trend line of higher lows as support for the entire run. That ended this …
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