Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, September 25, 2014

Not Good...

Stock Market Technical Analysis

click on image to enlarge

In the market today a number of technicals failed leading the indexes to a substantial swing downward.  Of the four index charts above, the S&P shows the most promise for a bounce tomorrow as it closed at the lower line of its short term channel shown in the bottom right chart of the top cluster.  If the S&P bounces from that line it might be enough to pull the Nasdaq back up into its short term channel. 

Trade well my friends


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