chartpatterntrader<>Attention: I made 4 videos this weekend. All 4 videos are posted below.
The first video features the Semis and the Financials. The second video features the VIX. The third video looks at the Euro, the Dollar, Gold and Crude Oil. The last video features the S&P 500 and I examine a few market breadth indicators.
I didn't get a chance to cover it in the video, but the Dow and Wilshire 5 K are just above their 200-week MAs. Meanwhile the S&P 500 is just below its 200-week MA. It was at the 200-week MAs that prices peak in April. The S&P 500 and Wilshire are also rallied up near their declining primary trendlines in the weekly timeframe, offering further resistance. I try and feature this in Monday's video.
Bank of America shares fall up to 6.5 percent Mortgage Damage Spreads federal deficit tops $1 trillion again Bernanke Sees Case for `Further Action' With Too-Low Inflation US Consumer Sentiment Dips to Weakest Level Since July Bernanke Argues for More Fed Action Dollar fall sparks stability warnings Bank of America Downgraded By Bond Market on Foreclosures Stock Selloff Adds to Pressure on Banks to Fix Foreclosure Mess John Crudele:Mortgage holders will have banks by the short hairs The Fed is dead, maybe by 2012 Rosenberg on the Economic Crisis, Part 1 Rosenberg on the Economic Crisis, Part 2
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