SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 692.06-0.3%Feb 10 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Johnny Canuck who wrote (48243)7/8/2012 11:57:45 PM
From: Johnny Canuck  Read Replies (1) of 70668
 
The indices reacted negatively to weaker than expect jobs data and the coordinate effort of world central banks to try to stimlate the economy. The coordinate effort is preceived to indicate that world banks see additional weakness without intervention. If the economies could do it on their own it would not be required. Even China participated indicting there are worried about weakness in export and slowing internal demand.

SP500 about to break back below the down trend line. It need to hold the trend line on Monday or the break out signal is negated.



DOW did break the down trend line. The break is negated and now we are waiting for the next direction to be confirmed. It should be down.



The DOW transport still providing some leadership as it held on to recent high of the channel.
Low commodity prices for fuel may be contributing to the positive view of traders.



COMPQ need to hold the down trend line and bounce upward to maintain the break out.



Financials testing the 50 day SMA. It need to hold to maintain the positive buy signal.



Gold back to a sell signal on the break of the 50 day SMA.



Energy failed to break the down trend line. It remains on a sell signal.



Russelll 2000 failed to set a new high. It need to hold the down trend line to give a continuation signal of the recent mini up trend.



Natural gas failing to break the resistance level around $3. It might continue down to test the bottom of the channel as storage facilitities reach capacity sooner than expected.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News