How Are Things Stacking Up?

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It would be good to look back at the past weeks activities and see how things are stacking up.

TRAN WKLY - This surely hasn't looked bullish as the trend changed.  The Tran was rejected at the 10 ma this week again.

TRAN 9-25 Read More

Can We Go Shopping?

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A quick look at the markets and a brief discussion on shopping

 

On Sept 22 - I said that I was looking for a possible  'Test' of the break down and then a drop. 

SPX 9-22

SPX - Reversal candle.  Maybe that 'Test' comes now.

SPX 9-24 Read More

Clear As Mud

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Whenever we get mixed signals in the markets, it may take time to  allow  things to clear up. We are seeing that with the divergence between Metals and Miners right now, but until time resolves the differences, we can also look for clues. We'll do that here, but first lets review a few other sectors.

NASDAQ - We got the back test that we expected and then the drop back down. I expect the Aug lows to be tested or broken, but you can see that volatility has kept things from being a smooth move. We may bounce around inside this down channel too.

NASDAQ 9-23 Read More