July 2014 – Page 2 – Technical Analysis of Stock Trends

State of the market: SPX 2040

Post author:WHC Bassetti
Post published:July 15, 2014
Post category:Letters
Post comments:0 Comments

As the PnF chart thinks we are still in the bull market with a target of 2040. Do we believe it? Come now. How many times have you…

Viva Brasil! Viva el Dow 17000!

Post author:WHC Bassetti
Post published:July 5, 2014
Post category:Letters
Post comments:0 Comments

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p59103334454&a=298224028 In celebration of the nation's 238th birthday the Dow finally got it together to get through the psychological barrier of 17000. The SPX cooperated by powering…

Breakout day.

Post author:WHC Bassetti
Post published:July 1, 2014
Post category:Letters
Post comments:0 Comments

http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p71514206946&a=350515648 Obviously we are having a breakout day with the SPX up -- at one point -- 17 points. The Dow up about 150. We joined the buying panic…

Noted technical analyst WHC Bassetti has over 40 years’ experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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State of the market: SPX 2040

Viva Brasil! Viva el Dow 17000!

Breakout day.