Monday, October 8, 2012

The Morning Call-Monday Morning Chartology


The Morning Call

10/8/12

The Market
           
    Technical

          Monday Morning Chartology

            The S&P remains in its primary trends (brown and purple lines).  There is some short term resistance at 1469 and support at 1442 and 1422.

            GLD closed right on the lower boundary of its very short term downtrend.  A bounce here should set it up to test the upper boundary of its intermediate term trading (top purple line).  A decline likely means a  test of the lower boundary of its short term uptrend.

            The VIX unsuccessfully challenged the lower boundary of its intermediate term trading range on Friday.  That leaves it in the neutral zone between that intermediate term trading range lower boundary and the upper boundary of the short term downtrend (brown line).
 
            Another argument by the bulls (medium):

            Update on ‘the best stock market indicator ever’ (medium):
   
    Fundamental
    
            Five pre-earnings facts (medium):

            News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

   Other

            Student loans soar (short):

Politics

  Domestic

  International War Against Radical Islam

            Chalk up another one for our main stream media (medium):



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