Setup Free Download::
Finance Audience is a technical analysis software for stock watch and screening. takes you on a journey through the galaxies as you blast off in to space.
http://www.rocketdownload.com/software/setup-10.htmlHOME |
As we said last Friday in the midst of the Bear Stearns implosion: "at the first sign the world isn't going to come to an end, we could get a heck of a rally." We got that today from Lehman Brothers, and stocks responded with a powerful upside move.
We've had a cathartic sell-off with extreme bearishness followed by a powerful upside reversal: if the bulls can't make this one stick, they should probably throw in the towel. North of the Blue::
North of the Blue Technical Stock Analysis System -- Announcements. Last Week in Review quality stocks just before they blast off and the day before they
http://www.northoftheblue.com/HOME |
In the short-term, we could get a pullback after today's action, but at this point, the lows have held on multiple tests and shouldn't be seen again if we've begun a new uptrend.
The S&P 500 (first chart) has support at 1310, 1300 and 1287, and resistance is 1350, 1370-1380, and 1396-1406.
The Dow (second chart) has support at 12,250 and 12,076, and resistance is 12,450-12,500 and 12,750.
The Nasdaq (third chart) has support at 2200-2220, and 2325 is important resistance, with 2363-2387 and 2419 above that.
The 10-year yield (fourth chart) could be headed higher if it gets back above 3.5%.
And the Transports (fifth chart) aren't far at all from giving the first hint of a new uptrend under Dow Theory.
Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.
 3Com to Vote on Bain's $2.2B Bid
 Technical Analysis: How Much Is Enough?
|
HOME