Monday, November 07, 2011

The Morning Call-Monday Morning Chartology 7/7/11


The Market

Technical

Monday Morning Chartology


The S&P remains within both its intermediate term trading range and its short term up trend (1215-1327).





GLD continues to have an almost perfect chart.




VIX, after a wild roller coaster ride last week, closed within that upper zone of its trading range--not a positive for stocks.




Fundamental

An up date on the latest ECRI weekly leading index:
http://advisorperspectives.com/commentaries/dshort_110411.php

Consumer confidence and the forward performance of the S&P (short--must read):
http://advisorperspectives.com/commentaries/ag_110311.php