Bull signals in the Dow and S&P, Qs… (and everything else)

Posted on Sep 21, 2010 by WHC Bassetti.

0

2010-9-20-spx
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p62881197949&a=207879904

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Silver (SLV) and gold (GLD)–lessons in trend following…

Posted on Sep 20, 2010 by WHC Bassetti.

1

2010-9-17-slv


http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p59476852126&a=203282121



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Bulls rule. Very timidly…

Posted on Sep 19, 2010 by WHC Bassetti.

0

20-9-19-indu

This wek was largely a continuation –now 15 days of uptrend without a pullback to give us a point on whiih to anchor a trendline.  If you want a temporary trading stop you migh put it 2% under Friday’s close.  We don’t get excited by runs like this  because we are accutely aware that a downwave will shortly occur, and until that happens  we look at it as the market’s money.

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Beware the euro…

Posted on Sep 14, 2010 by WHC Bassetti.

0

20-9-14-fxe

This looks to us like a toss-your-shorts signal in the euro.  It might even be worth an exploratory long side trade — but not a large one.  The stop is pretty obvious too –about 2% under the low of the little island there.

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$indu, $spx — the little picture….

Posted on Sep 13, 2010 by WHC Bassetti.

0

2010-9-13-spx

We have remarked at some length on the futility of pre-identifying chart patterns — as we have remarked here on everybody in the world seeing a head and shoulders here, and our pointing out that there may also be a Kilroy (H&S) bottom also formed from June to present.

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