Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, September 8, 2011

9AM Chart Update 9/8/11

Stock Market Technical Analysis

click on above images to enlarge

Focusing on lower chart cluster, all the charts are holding except for UUP (dollar index) in the bottom left corner which is rising quickly and now at its high of the day.  If this keeps rising, the markets may drop here.  The dollar is key for the day.  As I am typing this Fannie Mae just put out bad comments on the condition of the housing industry and the market indexes dropped several points at that moment.


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