The market didn't do a whole lot yesterday, so I took a look at what is going on in the blogosphere. (Via TraderMike ): Dr.Duru has some worrying analysis on the financials, GE and others. The GE chart looks real scary if your bullish the market. HeadlineCharts has gone the other direction and is watching for a bullish head-and-shoulder reversal in the XLF; $24 support is key in this regard. Dug this from TraderMike's archive: Gold ETF demand increases as it decreases for the precious metal. Another from the archive: Know What's in your ETF and How the ETF is Calculated . (via Abnormal returns ) FT-Alphaville: Bear or Superbear (via Abnormal returns) The case for dividends . (via Abnormal returns) Afraid-to-trade has highlighted two new blogs ; Skill Analytics and Trading Bots . Jamie at Wall Street Warrior has a Head-and-Shoulder top marked in for the Nasdaq. Watch the converged support lines closely (c2,425) Timothy Sykes book now on iTunes . I know, I know Tim, I

I have my latest post based on Problogger's 12 Tools and Techniques for Building Relationships with Other Bloggers up on the Zignals Blog . http://zignalsblog.blogspot.com/2008/05/building-blog-relationships.html Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website

May 21st saw the bullish percents of the Nasdaq and S&P follow that of the Dow with a bearish cross of the 5-day EMA. The S&P compounded the loss with a break of rising support connected by March-April dips using closing price. Overall, these breadth indicators haven't fully reached typical tops for either a bull or bear market. If the cyclical bull market is still in play - which I don't think it is - then these can move much higher before a top is signalled. Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website

With the long weekend in play there wasn't much updating activity amongst the Stockcharters, but it was a busy week for the market. Dr. Joe was sick during the week, so no update from him. His oil watch is interesting because it looks like there is a bull trap for Exxon Mobil (XOM): Maurice Walker is looking for the Dark Cloud Pattern in oil to bear fruit. Another great epic from Maurice, although I don't agree with everything he says here - his market analysis is top notch: Spotting distinct sell signals can be difficult if you just use one form of technical analysis. But when you combine candlesticks, volume, chart patterns, moving averages, and some personal preference indicators, it can lead to a high probability of catching a change in price direction . On Monday prices broke above the 200-day SMA on the major indexes, but by the end of the day the rally had fizzled. This produced a gravestone doji on the S&P 500 and a inverted hammer on the DJIA. The sell signals we

I have a couple more Subscriber payments to allocate to new KIVA loans, but first I want to re-loan some earlier payments. First loan goes to Adama Hagbegno , a baker in Togo. Born on 31 December 1975 in Amégnran, Mr. Adama HAGBEGNO is married and has eight (8) children. His bakery is his source of income, and is highly sought after by many women because he is the sole breadmaker in his area. This high income business allows him to meet the needs of his family and especially the education of his children. To strengthen his capital base and better satisfy his clientele, he is asking for a loan. This will serve to stock a large quantity of wheat flour. The realization of this dream will allow him to maintain his clientele and to enlarge it. Thus, his income will increase, allowing his family to flourish. The second re-loan goes to Suliha in Indonesia: Since moving to Bali in 1994, Suliha has wanted to work, but she faced a reality that to find a job is very difficult. That was why the

Four days ago I was talking about the break of the 200-day MA on strong money flow. Today it's about a test of March-April support with money flow shrinking fast. When the index created the second reaction low in April it coincided (somewhat) with a test of the 50-day MA. Another test of this average would see a new trendline develop, but it is by no means certain. The other point of interest has been the continued weakness in the Dow Bullish Percents. May 8th saw an intermediate 'Sell' trigger which wasn't reversed when the index made its second challenge on the 200-day MA. Keep an eye on Fib retracement levels for the breadth indicator (and how it reflects on the parent index): More downside looks the more likely option in the near term. Get the Fallond Newsletter Declan Fallon is developing trading strategies, market indicators and sentiment tools for Zignals

Over at the Zignals blog I have completed a brief study comparing on-balance-visits (yes, "visits") to the S&P. Teaser chart below: