Monday, June 1, 2015

Monday Morning Chartology

The Morning Call

6/1/15

The Market
           
    Technical

      Monday Morning Chartology

            The S&P continues to struggle to remain above its former all-time high.  This is the level to watch for an indication that it will challenge the upper boundary of its long term uptrend.  The positive news is that it has established a very short term trend of higher lows.



            The long Treasury remains below its 100 day moving average and within a short term downtrend.  Even though it closed up on Friday, notice it touched a minor resistance level (horizontal purple line) and backed off.



            GLD remains in its own trendless world.



            While the VIX rose on Friday as you might expect, it was not nearly as pronounced as I would have expected given the stock action---a plus for stocks.



    Fundamental
   
            Goldman on Greece (medium):

    





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