Stockcharts.com: Weekly review
Another good week for the markets as the Dow closed shy of the much publicized 12K. The Stockcharters didn't have a whole lot new to add, but in general - were considerably less bearish than they were a couple of weeks ago.
Mitchell Meana kept to his long standing charts, although market resistance as indicated on his varaious charts have now been cleared. He has indicated a new resistance level (blue line) on the Nasdaq Summation Index:
His other point of note was his target price for the Qs: $44.03, now fast approaching (his chart was unchanged).
Michael Winfree listed the last two years of Qs highs on highs chart; note the rising price channel:
Robert New no longer has his weekend summary, but his lead chart summarizes the events of last week nicely:
His S&P chart was similarly bullish:
Although Micheal Winfree is looking for volatility to soon spoil the party:
Matthew Frailey has an interesting chart showing the continuation and support line of the cyclical bull market in the Dow Jones World Stock Index:
Robert New is looking for a handle in the Nasdaq at 2-year resistance:
and his confident over the long term:
He has also suggested a potential reversal in the works for Oil:
Ted Burge kept his opinion short:
Jack Chan is bullish on the Oil Services Holders with a Trendline Break Buy Signal:
and a similar 'buy' in the Energy Select Sector (XLE):
Although whatever relief a rally may bring to commodities could be temporary based on Matthew Frailey's chart:
Stock pick fans should check out Richard "Sonny" Crockett's public list - lots of good ideas.
Stockcharts.com
Mitchell Meana kept to his long standing charts, although market resistance as indicated on his varaious charts have now been cleared. He has indicated a new resistance level (blue line) on the Nasdaq Summation Index:
His other point of note was his target price for the Qs: $44.03, now fast approaching (his chart was unchanged).
Michael Winfree listed the last two years of Qs highs on highs chart; note the rising price channel:
Robert New no longer has his weekend summary, but his lead chart summarizes the events of last week nicely:
His S&P chart was similarly bullish:
Although Micheal Winfree is looking for volatility to soon spoil the party:
Matthew Frailey has an interesting chart showing the continuation and support line of the cyclical bull market in the Dow Jones World Stock Index:
Robert New is looking for a handle in the Nasdaq at 2-year resistance:
and his confident over the long term:
He has also suggested a potential reversal in the works for Oil:
Ted Burge kept his opinion short:
Oct 14th! Energy sector is a BP buy signal and gold stocks BP moving higher.
Jack Chan is bullish on the Oil Services Holders with a Trendline Break Buy Signal:
and a similar 'buy' in the Energy Select Sector (XLE):
Although whatever relief a rally may bring to commodities could be temporary based on Matthew Frailey's chart:
Stock pick fans should check out Richard "Sonny" Crockett's public list - lots of good ideas.
Stockcharts.com
