This S&P 500 ($SPX) chart shows the past four months of daily prices after the index finished the week at 1,397.11 on Friday, March 23, 2012. The S&P 500 made yet another trip to the top of its trading range, but found resistance at the trend line of higher highs. As has been the case since this…
MidCap 400 Chart – Facing Resistance
I charted the past year of daily prices for the S&P 400 Mid-Cap Index ($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…
Dow Jones Chart – March 2, 2012
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the index closed at 12,977.57 on Friday, March 2, 2012. Nothing has changed in the past few weeks. I could almost recycle a chart analysis from a couple of weeks ago and just change the date. The…
Russell 2000 Index Chart – February 24, 2012
I charted the past three months of daily prices for the Russell 2000 Index ($RUT.X) after the index closed at 826.92 on Friday, February 24, 2012. The small cap index had a great rally from the middle of December through the first few days of February. That’s when it broke out of its narrow trading channel…
MidCap 400 Index Chart February 17, 2012
I charted the past six months of daily prices for the S&P 400 Mid-Cap Index ($MID.X) after the index closed at 984.60 on Friday, February 17, 2012. In most of my charts recently I’ve been posting three month periods of indexes. The main reason was to be able to focus on the near term trends without…
INDU Chart – Testing Technical Indicators
I charted the past three months of daily prices for the Dow Jones Industrial Average ($INDU, $DJI, DJIA) after the index closed at 12,801.23 on Friday, February 10, 2012. Two weeks ago when I last charted the Dow, I suggested the index might have one more trip to the top of its trading channel before rolling…
S&P 500 Chart – February 3, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,344.90 on Friday, February 3, 2012. Three trend lines stand out in this chart. All are ascending. The lowest line traces the trend of higher lows that started in November. The top line tracks the trend of…
Dow Jones Chart – Stay Nimble
I charted the past three months of daily prices for the Dow Jones Industrial Average ($INDU, $DJI, DJIA) after the index closed at 12,660.46 on Friday, January 27, 2012. At the beginning of December, I charted the S&P 500 index and pointed out how the 50 and 100 day moving averages (dma) crossover tends to foretell…
S&P 500 Chart – The Art of Technical Analysis
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,315.38 on Friday, January 20, 2012. As I mentioned last week in my Dow Jones chart, technical analysis can be an art as much as a science when using certain technical indicators. Three of my go-to indicators…