I charted the daily prices for the past three months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,025.58 on Friday, November 30, 2012. Most of you know that moving average crossovers are near the top of my list for favorite technical indicators. The rally over the past…
S&P 500 Chart – Santa Rally Already?
This S&P 500 ($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…
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 ($SPX) chart shows the past 12 months of weekly prices after the index finished the week at 1,414.20 on Friday, November 2, 2012. The Williams %R indicator sent out warning signals in October and hasn’t reversed yet. The 14 week indicator continues to flow downhill, while the 28 week indicator is ebbing a…
INDU Chart – Hints From the Chart
I charted the daily prices for the year to date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,107.21 on Friday, October 26, 2012. The 13,000 line has acted as support and resistance multiple times this year, but is not a solid barrier to continued momentum in either…
S&P 500 Chart – Red Flags
This S&P 500 ($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…