StockTock.com 8/20/08 ~ Stock Market Technical Analysis
hace 3 mesesDescargar vídeo Duración: 10:22
StockTock.com discusses the confusing news events and fundamentals of the economy. We have never been more grateful to have the charts to guide us. The S&P showed impressive resilience today, finishing higher by 8 points despite a pummeling of the GSEs and higher oil prices. The S&P and XLF held important support levels (1263.50 and 19.75, respectively) and the path of least resistance remains higher in the short-term. The dollar is holding its recent gains while oil and natural gas closed higher but remain in downtrends. We analyze "flight to safety" vehicles for an indication of the market's next move. We look at SPY, XLF, FRE, FNM, GS, UUP, USO, UNG, VIX, TNX, and GLD. Watch for a bullish WV pattern on the ES tomorrow. And if anyone has any answers or ideas about my opening questions, please share them with the community at StockTock.com
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