Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Tuesday, September 13, 2011

Midmorning Chart Update 9/13/11

Stock Market Technical Analysis

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Wild ride in premarket session. The SPY, which closed yesterday at 117.11, got smacked down at the 7:00 am open to 115.77.  It then had two premarket oscillations before opening almost flat.

In the bottom left corner, the UUP (Dollar Index) bounced at the center line of its red channel causing the market to pullback a little while ago.  The GLD (Gold Index) continues to attract buyers. 

Alan

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