Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, September 30, 2011

Final 30 Minutes Trendline Charts Update 9/30/11

Stock Market Technical Analysis





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Really stagnant day in the market as Wall Street intensely props up a heavy market to paint the tape for the quarter closing.

Alan

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Midday Trendline Charts Update 9/30/11

Stock Market Technical Analysis





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Stocks sink further as UUP (dollar index), bonds, & the VIX climb.

Alan

Thursday, September 29, 2011

Midafternoon Trendline Charts Update 9/29/11

Stock Market Technical Analysis






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A tough day for the NASDAQ and S&P with the bonds and dollar lifting.

Alan

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Wednesday, September 28, 2011

Uphill VIX Channel in Play 9/28/11

Stock Market Technical Analysis






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Today the market gave back yesterday's gains and then some as the red uphill VIX channel has become the dominant channel for now as can be seen the the bottom chart.  What will happen tomorrow?  No one knows...we are in the land of the one day market.

Alan

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Midmorning Trendline Charts Update 9/28/11

Stock Market Technical Analysis






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VIX testing yesterday's afternoon highs & SPY testing yesterday's afternoon lows.  UUP attempting to regain its 6-week uphill channel. 

Alan

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Tuesday, September 27, 2011

Final Trading Hour Trendline Charts Update 9/27/11

Stock Market Technical Analysis




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NASDAQ Approaches Day 50 EMA 9/27/11

Stock Market Technical Analysis




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The market was gapped up big in premarket this morning and it has squeezed a little higher.  Right now the NASDAQ is trying to cross its Day 50 EMA line which could start a huge squeeze if we successfully cross above it. 

Alan

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Monday, September 26, 2011

Final 30 minutes Trendline Charts Update 9/26/11

Stock Market Technical Analysis





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Today the market had another day of slow climbing, choppy trading in a narrow range. 

Alan


Midmorning Trendline Charts Update 9/26/11

Stock Market Technical Analysis




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Saturday, September 24, 2011

Slow Climbing Tight Range Day in the Market Friday 9/24/11

Stock Market Technical Analysis






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A choppy slow climbing day that really wasn't much more than a lot of scalping.

Alan

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