This S&P 500 ($SPX) chart shows the past six months of daily prices after it finished the week at 1,199.38 on Friday, August 5, 2011. This past week was the most painful fall for bulls over such a short period since 2008, but a lot of that pain could’ve been avoided by traders who were paying attention…
Tag: $SPX
S&P 500 Chart – July 22, 2011
I charted a little more than the past six months of the S&P 500’s ($SPX) daily prices after it finished the week at 1,345.02 on Friday, July 22, 2011. After falling to its lowest levels of July, the large cap index rallied 2.2% this past week which brought it up to a 6.9% return for…
S&P 500 Chart – July 8, 2011
I charted a little more than the past eight months of the S&P 500’s ($SPX) daily prices after it finished the week at 1,343.80 on Friday, July 8, 2011. After ripping higher from the floor set by the rising 200 day moving average (dma) the SPX looked like it was going to be on a…
SPX Chart – Are We There Yet?
I charted the S&P 500 ($SPX) after it finished the week at 1,271.50 on Friday, June 17, 2011, just above its 200 day moving average (dma). Two weeks ago when I last posted an SPX Chart I said if we saw another 3-4% move to the downside the risk/reward would shift in favor of adding…
S&P 500 Chart – June 3, 2011
I charted the S&P 500 index ($SPX) after it finished the week at 1,300.16 on Friday, June 3, 2011, just above the key psychological round 1,300 mark. This week marks the end of the first five week losing streak since July 2008 for the index. Back then it fell almost nine percent in the same span….
S&P 500 Chart – May 13, 2011
I charted the S&P 500 ($SPX) after it closed for the week on Friday, May 13, 2011 at 1,337.77. I used four of the same trend lines from my last SPX chart two weeks ago. I replaced the longest trend line of higher highs with the shortest trend line of lower highs in this weekend’s…
S&P 500 Chart – Ascending Trend Lines
I charted the S&P 500 ($SPX) after it closed for the week on Friday, April 29, 2011 at 1,363.61. With a third of the year in the books the stock market continues to surprise many with its endurance. As I mentioned in last week’s index chart post, I thought we were going to get a bigger…
S&P 500 Chart – April 15, 2011
I charted the S&P 500 ($SPX) after it closed for the week on Friday, April 15, 2011 at 1,319.68. The past week is so clogged up with moving averages crossing over near trend lines I included an inset of the past four days magnified to make it clearer how the week ended. The trend lines played…
S&P 500 Chart – Risk On
I charted the S&P 500 ($SPX) after it closed for the week on Friday, March 25, 2011 at 1,313.80. After getting a 7% correction the “Risk-On” trade quickly came back into fashion recently. Now that we’ve had more than a dead cat bounce, what’s next? The SPX is still 21 points from its high from over…