The Nasdaq looks itching to fill the gap left from October '08.
Nothing too bearish looking in the S&P500 chart
Ditto for the Dow
And the Russell2000 has been on fire (we
are currently in a purely speculative environment after all).
Treasuries fell out of bed this week
Gold corrected today, to end the week down, giving the chart some
dark-cloud cover
The Dollar rallied these past three days, ending the week green. Perhaps a rally in the cards? There's a confluence of moving averages clustering around each other, while price put in a slightly higher low and momentum put in a lower low, which has good potential for a
"Slingshot" setup.
Should the Dollar rally from here it could portend a correction in Oil, as it ended it's 3rd consecutive up-week, while printing a
spinning top/doji star.
Nothing too bearish looking in the S&P500 chart
Ditto for the Dow
And the Russell2000 has been on fire (we are currently in a purely speculative environment after all).
Treasuries fell out of bed this week
Gold corrected today, to end the week down, giving the chart some dark-cloud cover
The Dollar rallied these past three days, ending the week green. Perhaps a rally in the cards? There's a confluence of moving averages clustering around each other, while price put in a slightly higher low and momentum put in a lower low, which has good potential for a "Slingshot" setup.
Should the Dollar rally from here it could portend a correction in Oil, as it ended it's 3rd consecutive up-week, while printing a spinning top/doji star.
3 comments:
Tood,
I just discovered your blog. Nice analysis!
Nice analysis. Good to see you have a blog also! I am going to link my blog to yours.
MomoStockTrader
Thanks Momo x2
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