Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
iShares Russell 2000 Index (ETF) (NYSE) - weekly- target of double bottom at ~70–currently pulling back toward 50% Fib from huge res.@ 62-ish
iShares FTSE/Xinhua China 25 Index (ETF) (NYSE) - weekly- backed off 50% Fib- heading towards bottom of ascending broadening wedge
iShares MSCI Brazil Index (ETF) [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
iShares Dow Jones US Real Estate (ETF) (NYSE) - weekly- some weakness showing on this chart- but target of inverse H&S remains ~ 50
S&P500 Index – some quick notes on the weekly chart
Financial Select Sector SPDR (ETF) (NYSE) - daily- small bounce off the 20daySMA- may [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
iShares Dow Jones US Real Estate (ETF) (NYSE) - weekly- at 38.2% Fib.- target of inverse H&S ~ 50-51 — watch primary downtrend line
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
S&P 500 Index – daily- Friday’s doji printed below Oct 1044 resistance- ascending broadening wedge- neg divergences
iShares Dow Jones US Real Estate (ETF) (NYSE) – weekly- flagging on low volume- break could see run to 38.2% Fib at 44.62-note vol-by-price overhead
MGM MIRAGE (NYSE) – [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
S&P 500 Index - monthly- 20 yr chart- testing 200monthSMA- 32.8% Fib at 1085 from ‘91 low-very steep MACD bull cross
NASDAQ Composite Index - NAZ monthly- broke above 200monthSMA- 62.8% Fib from 1991 low at 2160- strong MACD bull cross
US Gasoline Fund ETF (NYSE) – daily-negative [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
iShares Dow Jones US Real Estate (ETF) (NYSE) - weekly vol-by-price- very difficult to argue with this breakout
Financial Select Sector SPDR (ETF) (NYSE) - weekly vol-by-price– Inverse H&S points to target of 19- PPO breaking positive 1st time since ‘07
American Express Company (NYSE) – weekly- tagged [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
Financial Select Sector SPDR (ETF) (NYSE) – weekly- tagged Dec resistance right at 13.68- a break above could lead to quick move to 16-17 range
Financial Select Sector SPDR (ETF) (NYSE) – daily- hit first target of 13.68 quickly after break above range- overbought, but [...]
The Market Still Follows the Financials
For my Energy and Capital column this week, I celebrate Earth Day by finding many reasons for optimism in the wave of green initiatives sweeping the nation, but also find a market still staggering under the weight of a broken financial system.
I love Earth Day. I have celebrated it for [...]
