Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, October 17, 2014

Indexes Back Above Short Term Bull / Bear Line

Stock Market Technical Analysis

click on image to enlarge

Just a quick look at the Indexes viewed with the short term bull / bear line on sixty minute bars. When the price is below the line the bears are in control and when the price is above the line the bulls are in control.  The VIX, VXX and TLT in the lower charts work inversely.  A lot of automated trading systems key off this line for going long or short.

My weekend blog will be focused on weighing what the bulls and the bears have to work with in the coming week.

Trade well my friends


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