Other Markets In Dow Points
Russell 2000: Down >400 Dow Points

Transports: Down >400 Dow Points

- Platinum down 5% almost 735 dow points
- Palladium down 6% almost 885 dow points
Russell 2000: Down >400 Dow Points

Transports: Down >400 Dow Points

The S&P 500 and Dow Jones Industrial Average closed at fresh 2009 highs on Monday. At this point, the major averages are just below important resistance levels for the year (Full commentary here) and appear poised to move higher. If they manage to close above their respective resistance levels on heavy volume then odds will favor a new leg higher will commence. That said, here is a list of 30 stocks that sport strong technical chart patterns:
Earlier today I received a great question from a FindLeadingStocks.com Member that inspired this article: Member: How can a stock rally 6% today on really low volume? Answer: What Is Volume? When you think about it – that really is a great question. First, lets begin by defining volume. Volume simply is the total number of shares traded…
1. Market States & Cycles 2. How I Find Market Tops & Bottoms 3. Why I Buy Weakness In An Uptrend 4. A Brief History Of The Global Economy 5. 10 Critical Rules for Investing
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.
Running out of Fuel There is no question that the strongest area of the market in the past week or so has been the Fuel Cell Stocks: PLUG, FCEL, BLDP. Their moves were simply not sustainable and the action today (big negative/outside reversals- after a big move) typically suggests it is time for these stocks…
The following charts were posted by @Ritholtz. Fabulous set of charts looking at inflation adjusted S&P composite during major secular bear markets, via The Chart Store: Secular Bear Markets Here is the current crash and snapback: 2007-09 Bear Market Prior bear markets (WWI, great Depression, 1970s) after the jump 1906 – 1921…