I charted the daily prices for the past six months on the Russell 2000 ($RUT) after the index closed at 837.45 on Friday, September 29, 2012. Two other trend lines are set to converge just above the 825 area. If support works here, it would mean RUT fell 5%. That’s a descent enough drop to shake…
Author: Alex Fotopoulos
DJIA Chart – Bulls Remain in Control
I charted the daily prices for the year to date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,579.47 on Friday, September 21, 2012. The Dow is only about 5% above its 200 day moving average (dma). That is relatively close still compared to other peaks such as…
S&P 500 Chart – Resistance Broken
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,465.77 on Friday, September 14, 2012. The upside limit is unclear since the SPX is at multi-year highs now and doesn’t have clear hurdles in front of it. With the power of easy money as a tail…
Dow Jones Chart – Resistance or Launching Pad?
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,306.64 on Friday, September 7, 2012. The 10 dma is still below the 20 dma which is bearish, but that will change within a day or two if stocks don’t fall…
SPX Chart – August 31, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,406.58 on Friday, August 31, 2012. The movement lower might not have much deeper to fall. Two long trend lines of higher lows are within 1-2% below Friday’s closing level. The 50 dma is right in that…
Dow Jones Chart – Slipping
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,157.97 on Friday, August 24, 2012. The Dow rode along its trend line of higher highs for a couple of weeks, but appears to be slipping now. The short trend line…
S&P 500 Chart – August 17, 2012
This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,418.16 on Friday, August 17, 2012. The sideways movement of the past couple of weeks gave just enough room for the SPX to bump up a little higher in the final two days of the week to…
DJIA Chart – Near a Top?
I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,207.95 on Friday, August 10, 2012. The DJIA has had a fantastic run since the first week of June. Just as I commented in last week’s SPX chart, this index has…
S&P 500 Chart – Year-to-Date Through August 3, 2012
This S&P 500 ($SPX) chart shows the past year-to-date, daily prices after the index finished the week at 1,390.99 on Friday, August 3, 2012. The path of the rally since the beginning of June looks more like a roller coaster’s route than a fun way to gain 100 SPX points. The beauty of such an up and…