Monday, August 26, 2013

DJ-30 Bull Run Starting To End?

D&J - 30 Weekly (Neutral)
  • DJ-30 still in a Bullish Fork
  • Right on the Midline at 14950
    • Break below would be Bearish
  • A  major break below support at 14,250 would be VERY Bearish
  • MACD has turned Bearish
  • Most likely heading lower in the near future and then to NEW HIGHS

Thursday, August 15, 2013

Do Not Count The Bull Out Yet

S&P - 500 Weekly (Neutral)
  • S&P-500 still in a Bullish Fork
  • A break below support at 1575 would be Bearish
  • A Major break below 1550 would BREAK the Bullish Fork
  • Do not fight the Fed
  • Will the Fed really taper??