Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, February 6, 2014

So Far So Good...

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today the lower lines of the short term channels of the stock indexes shown in charts 1-6 did provide a bounce which kept the red EMAs from piercing thru the green EMA lines and if we get another up day tomorrow we could start to see the tip of the red lines level out and possibly start to curve up a little into the bell if it's a big up day.  

Notable tonight is chart 7 & 8 where we saw large pullbacks in the VIX & VXX.

Most important thing is...we do need tomorrow to be an up day.

Trade well my friends