Monday, October 31, 2011

The Morning Call Monday 10/31 Chartology


The Market

Technical


This market is way over bought (chart):
http://www.bespokeinvest.com/thinkbig/2011/10/27/all-ten-sectors-overbought.html

Monday Morning Chartology

The S&P is well within its intermediate term trading range (1101-1372) and has now formed a short term up trend (1207-1313).





GLD, after testing the lower boundary of its intermediate term up trend two weeks ago, rebound sharply last week.




The VIX clearly broke out of the elevated zone of trading--a positive for stocks.





Fundamental

Thoughts on the Market from Zachary Karabell (medium):
http://bit.ly/v5YePm