Short term technical state of the market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Evaluating the volume here it is clear something is up--probably accumulation.  Nonetheless the wave which started Nov7 is now consolidating (or, less likely, reversing).  The trendline is well broken…

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Xmas cheer…and the Food Bank…

      http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20] The PnF chart of the INDU pretty much expresses the market situation.  A long period of sideways chop has given way to a breakout, and the…

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As plain as the nose on your face…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 And with no need for a nose job.  Today's candle is about as plain a buy signal as you could want.  Incidentally there is supposed to be a seasonal…

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Much ado about little….

  http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Withal, a desultory week to top off the holidays.  You would not think it worth comment -- except-- nattering talking heads are calling this the end of the…

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