I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,075.66 on Friday, July 27, 2012. The DJIA fell below support at the beginning of June, but bounced back quickly and created a new ascending trading channel. The price action of…
Author: Alex Fotopoulos
SPX Chart – Stuck in Descending Trading Channel
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,354.68 on Friday, July 6, 2012. Resistance at the trend line of lower highs proved too much for the large cap index this past week as the rally in stocks was halted after surging higher from the…
2012 Stock Picks Contest – Q2 Update
As part of a group of top financial bloggers, I entered a contest 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 readers know I’m not much of a buy…
S&P 500 Chart – June 29, 2012
This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,362.16 on Friday, June 29, 2012. June was a strong month for the S&P 500 as it bounced off its lows met on the first couple of days of trading. That bounce took the large cap index…
Russell 2000 Chart – June 15, 2012
I charted the year to date daily prices for the Russell 2000 Chart ($RUT) after the index closed at 771.32 on Friday, June 15, 2012. So many trend lines, so little space. Hopefully I didn’t make this chart too crowded, but there’s a lot going on in it. For the most part the trend lines are…
Dow Jones Chart – Almost There
I charted the past three months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,554.20 on Friday, June 8, 2012. After sliding steadily for a few weeks, the Dow finally broke above its trend lines of lower highs and is either in a consolidation period…
S&P 500 – 10 Year Chart
This S&P 500 ($SPX) chart shows the past 10 years of Monthly prices after the index finished the week at 1,278.04 on Friday, June 1, 2012. The recent SPX correction moved the index into the middle of its ascending trading channel where it found support at a trend line that has worked as support multiple times in…
Dow Jones Chart – May 25, 2012
I charted the past one month of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 12,454.83 on Friday, May 25, 2012. The chart for the past month has enough to offer that I didn’t need to go back any longer. In my $SPX Chart last weekend…
SPX Chart – Oversold?
This S&P 500 ($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…