Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, September 19, 2011

Mixed Trading at Threshold 9/19/11

Stock Market Technical Analysis



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Today the stock market gapped down at the open on the deteriorating Greece situation, then traded modestly upward in a choppy fashion. It's still too early to say which way the new market direction is going to be once we breakaway from the threshold we are at. The NASDAQ & the SPY both ran up to the upper line of their recent channels as shown in the bottom chart set but pulled back as they hit it right before the bell. We will just have to see what tomorrow brings.


Alan

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