This S&P 500 ($SPX) chart shows the past year of daily prices after the index finished the week at 1,295.22 on Friday, May 18, 2012.. The reason we look at charts is to try to find a pattern in the past that could reflect the direction to come in the future. We’ve all read the disclaimers…
DJIA Chart – Trading Channel or Not?
I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,820.60 on Friday, May 11, 2012. I went back six months on this chart so I could point out where the DJIA had its 50/100 day moving average (dma) bullish crossover…
S&P 500 Chart – Range Bound Again
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,369.10 on Friday, May 4, 2012. The technical indicators are not giving as clear of a picture as they often do in foreshadowing what is to come in the near term. This tends to happen when…
Dow Jones Chart – Now It Gets Tricky
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 13,228.39 on Friday, April 27, 2012. The DJIA hit its 2012 closing high intraday on Friday after nearly three weeks of being in rally mode. The rally cooled at that point, as is…
S&P 500 Chart – Which Way Do We Go?
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,378.53 on Friday April 20, 2012. A couple of weeks ago I questioned if the “Sell in May” crowd had started their annual exodus early. Since then the market fell a few percentage points, but then recovered…
DJIA Chart – Friday the 13th – April 2012
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 12,849.59 on Friday, April 13, 2012. The moving averages have been the story lately for the large cap index. Last week I pointed out the S&P 500 was headed for the 10/20 day…
S&P 500 – Did Sell in May Come Early?
This S&P 500 ($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 (dma)….
2012 Stock Picks – Q1 Update
Along with a group of other top North American financial bloggers, I threw my hat in the ring again to see who could come up with the best stock picks for 2012. We agreed to pick four stocks or ETFs and hold them for the entire year with no changes allowed. Regular My Trader’s Journal…
Dow Jones Chart – March 30, 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…