Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, October 31, 2012

Weekly Charts Updated

Stock Market Technical Analysis Blog

Click on image to enlarge

(Triple Index Interpretation Guide located in October 30th Blog)

I am reposting the three key weekly bars charts from last night's blog because this week's weekly bar just opened this morning from the weather shutdown.  We can see how adding this week's new bar took the VIX (Volatility Index) in the top chart to a pinpoint merge.  The new bar tightened the two EMAs on the stocks chart in the middle as the bonds continued their sideways pancake merge with the new bar.  Obviously, a new direction being determined by an up cross or down cross in each of the three can't really happen until the end of next week's weekly bar.

What a coincidence, isn't there an important event next week?


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