Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Sunday, September 28, 2014

Midterm Channels Come Into Play

Stock Market Technical Analysis

click on image to enlarge

Over the past week we have been focusing on the breakdown in the Indexes' long term channels and Friday we focused on how the short term channels have shown that the selling has stopped.  In today's blog I would like to focus on the Midterm channels as they typically come into play at this point in the cycle.  

I have posted 12 charts above showing the four primary stock Indexes and eight of the favorite names among investors.  Looking across all the charts it is easy to see that they are all setup for an upward reversal from their lower channel lines.  We just may get some long-side swing trades this week.  

Trade well my friends


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