Mid-Week Market Report on SP500, Oil, Gold & Dollar

Wednesday the market didn’t tell us anything new. The equities market is still over extended on the daily chart but the market is refusing to break down. Each time there has been seen selling in the market over the past two weeks, the market recovers. Equities and the dollar have been trading with an inverse relationship and it seems to drop every in value each selling pressure enters the market, which naturally lifts stocks.

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Unexpected

I never expected this run.

FCEL

IRM

VMC compliments of FibLine

Looking pretty for the Bulls.

Tip

I have tweeted this before, but in case you you have not seen it.



GDP


When ever you see a stock chart, it's always good to cross reference.

Click for chart
GDP
GDP

TIP
Leverage the knowledge of people who are smarter than you and teach.
Learning something new can be every enlightening and satisfying.
Make sure you pay attention to the DATE on the chart.

That's my tip of the day.

Others to look at: CDR SLM AXP HSY LLL NETL IR

pressure

The look and feel of pressure.

Pressure from BULL to go higher and from BEAR to lower.

Hang on tight.

ESRX: Exit on close below 43.75

STEC: Up On Dell Bid Rumor. Exit on close below 11.50

Happy Labor Day

Happy Labor Day everyone and hopefully your weekend has been great.

The last time I showed you SPX was at 8ema resistance.
Here's another look with LT MA.

First, where's the volume?

Second, fine line at the 100sma.

Third, some humps to get over.

Would not mind getting some SUN. SUN set (exit) under 34.