Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, October 24, 2014

Low Volume, Creep Up Friday

Stock Market Technical Analysis



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In the market today we are having a classic low volume, creep up Friday.  Looking at the upper cluster, the VIX and VXX are still maintaining while the S&P and Nasdaq creep higher.  Looking at the lower cluster, in charts 1-4,  I replaced the 50 EMA with the 50 SMA which is what's coming into play now.  Only notable change overall is in chart 6 where the red EMA has appeared topside of the green today.

Trade well my friends

Alan

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