The Morning Call
1/25/16
The
Market
Technical
Monday Morning Chartology
The
S&P had a wild ride last week, but ended on the plus side. A good sign that an oversold bounce has
begun. Whether or not there is any follow
through is the big question. Levels to
watch are the resistance offered by 100 day moving average, Fibonacci
retracement level (1928) and the upper boundary of its short term downtrend.
The
long Treasury closed above its 100 day moving average and within short and
intermediate term trading ranges.
Focusing on the short term trading range, TLT has spent little time at
the bottom of the range but still struggles at the upper boundary.
The
VIX was down Friday. It remains above
its 100 day moving average; but note that MA is beginning to turn down (good
for stocks). It is also in short and
intermediate term trading ranges.
I
don’t even know why I keep putting this chart up. With all the turmoil in the Market, GLD is still
a mess. It remains below its 100 day
moving average and within short term, intermediate term and long term downtrends.
Fundamental
Investing for Survival
Value
investing:
Economics
This Week’s Data
Other
Are
emerging markets behind the recent stock market decline (medium and a must
read):
Goldman
questions the ‘official’ Chinese economic data (short):
Quote
of the day (short):
Politics
Domestic
International War Against Radical
Islam
The
islamization of France (medium):
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