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S&P 500 Weekly Chart ($SPY, $SPX)

Posted by K on May 25, 2012
General / Comments Off on S&P 500 Weekly Chart ($SPY, $SPX)

Today the S&P 500 was taking a break and heading to the Hamptons for the long weekend (or maybe for the entire summer).
Is the market poised to absorb most negative news that’s already out there or what?

The Weekly chart looks to be bouncing although there are always fake-outs. For any newcomer that is new to charting just a note that each candlestick on the chart represents 1 WEEK of price movement so what happens on Tuesday when the market opens has no real effect on this chart until close on Friday.

The 50 and 70 Weekly Simple Moving averages are below the price supporting it and it looks like a trendline from last October is also still intact and providing some support and if this market has legs we might see 2-4% move to the upside until the Greek elections a month from now.

Click the chart to enlarge it.

I had long SPY call options and upon wanting to add today my subconscious mind decided to liquidate. We shall see if its smarter than my brain and can feel something I’m not feeling or seeing.

Have a safe memorial weekend,
K-man

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A Special S&P 500 Chart courtesy of Investingfreak

Posted by K on March 28, 2010
Market Analysis / Comments Off on A Special S&P 500 Chart courtesy of Investingfreak

This weekend I will share with you a chart that I view at the end of every week.
When I glanced at it last night i saw that we are right at the bottom of a trending channel.

It will be an interesting week coming up so I decided to finally share it with the rest of the world (including the masterminds at Gold in Sachs)

As always click the above image to enlarge.  Since a picture is worth more than a thousand words there is no need for me to comment on it further.

Have a profitable week ahead.

-K

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$SPX Psychotic Line Resistance

Posted by K on October 21, 2009
Market Analysis / Comments Off on $SPX Psychotic Line Resistance

It was a fun day today.
Market opened up and rallied 10 points by 10:45AM.  It was all downhill from there but the big kicker came at 3:10-4PM when the market dropped 17 points.

I will let 2 charts and this link be the hint of what I think we are going to do in the next few days at least.

Chart 1 is a closeup of the past month with the trend lines drawn almost a month in advance. (Click to enlarge)

spx102109

Chart 2 is a zoomed out view from where the rally began. (Click to enlarge)

spx102109-2

That’s all folks. These are the charts promised almost a week earlier.
Have a safe investing season this fall/winter it should be epic.

-K

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Interesting S&P 500 Chart using Fib Retracements.

Posted by K on February 09, 2009
Market Analysis / Comments Off on Interesting S&P 500 Chart using Fib Retracements.

I have gotten carried away lately with life so this blog hasn’t received the tender caring love.
Tonight I bring you a chart I have been watching since mid January.

There is support of 818 and 804 on the S&P 500 and resistance at 890.  I will add to my short positions at 890 or if we test our supports I will watch closely as I think third time is a charm for a breakdown.

Without further delay here is the (in)famous chart.  Click to Enlarge

spx-fib-retracement-feb9-2009

 

Hope you like it.
-K

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