Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, October 18, 2013

Partying Like It's 1999

Stock Market Technical Analysis Blog

click on image to enlarge

We've had an amazing week of stocks just running and running, you could pretty much say we have been partying like it's 1999.  However, taking a look at where the SPY is at in its channel (chart 1) and where the VIX is at in its channel (chart 2) and how far we are extended from the 100 day EMA line (chart 3) it might not be a bad idea to start thinking about calling for a taxi ride home soon.  

Trade well my friends