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Here’s an S&P 500 video update for today 12-10-2009. With the major market indices basically wandering in a narrow channel for the last month, is it finally time for a trend change? In the video below you’ll be able to see how prices have moved in this channel and which key levels to … Continue reading: S&P 500 Update – Trend Change or Channel Continuation? Not much new with the stock market lately. With this week being a holiday week, the volume is lower as to be expected. Over the last two weeks the S&P 500 has been moving in a sideways channel, showing a lack of real direction and lack of conviction in either direction. So far this … Continue reading: S&P 500 Update 11-25-2009 A quick S&P 500 morning update to point out the current price level and some observations. The move so far this morning is what should be expected for “Hump Day”. That is, rising up to the top, climaxing, and then “rolling over” the hump. The “hump” of course being today, Wednesday, midweek. Taking … Continue reading: S&P 500 Morning Update 11-11-2009 Here’s an S&P 500 update analysis through the end of the trading day today. On my last post I mentioned to be on the lookout for a possible Head and Shoulders pattern in the stock market forming, specifically the S&P 500. Today’s large move higher put’s the odds of this pattern happening at … Continue reading: S&P 500 Update 11-09-2009 Is another Head and Shoulders pattern forming in the stock market ($SPX or S&P 500 for this post)? Late yesterday I heard someone mention that a possible head and shoulders pattern could be forming in the major market indices. When I heard this I remembered the last time people were talking about the … Continue reading: Another Head and Shoulders Pattern in the Stock Market? Yesterday I posted a stock market update using the S&P 500 and included a chart with some patterns identified. The levels I mentioned in that post have been violated to the downside, with considerable volume and Advance/Decline Issues currently near 25%/75%. I mentioned that “As the current position of the S&P 500 displayed on … Continue reading: Stock Market Update 10-30-2009 The S&P 500 finished today with another close higher after 4 previous down days in a row. It seems every other day the news changes course and the market swings back and forth, not knowing which way it should continue. The one thing that is certain from looking at the chart below is that … Continue reading: S&P 500 Update 10-29-2009 |
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December 10th, 2009 by 
