SPX, S&P 500, looks oversold and the stochastics are where most of the previous bounces happened over the past year, except once. During the first
readOMG, BRK.B is going to split, 50-to-1 and join S&P! That’ll be $66/share at today’s price. Warren Buffett is likely about to orchestrate one of
readCorrections on SPX have been getting more and more shallow. [[SPY]] touched 13ema today, and closed above it. Wonder if this is all the reaction
readI’m not sure overbought levels mean anything anymore! I honestly didn’t think SPX would go higher than 1,120-26 (50% retracement), at least not without a
readVery basic analysis, sometimes works the best. I look at the $SPX index though normally trade SPY. Click charts to enlarge This type of overbought
readI’ve been trading SPY, AAPL and BAC pretty much exclusively (a couple penny stocks don’t count). Speaking of SPY/SPX, I’m getting worried about the long
readHere’s the chart I’m trading. Sure, the 13ema and 34ema supports held, but notice how overbought S&P 500 is despite several corrections in the last
readInteresting chart, S&P 500 versus Gold spot price. In terms of gold, S&P is at Fall 2008 levels! Click to enlarge And here’s the same
readClick charts to enlarge $QQQQ Monthly, 20ema Just one Cubes chart, for comparison purposes only. The price is above 20ema on the monthly. $SPY Monthly,
readClick charts to enlarge [[aapl]] Apple Price-MACD diverged some time ago, rising wedge seems to have broken down on increased volume. $SPX Similar to the
readAs of Q1 2009, here’s where S&P 500 stands, according to Standard & Poors web site (I wonder why there’s no 2008): P/E ratio is
readIt was best to play individual stocks or Russell (if you’re into indices) these past few weeks, but I always watch S&P regardless. Click charts
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