Monday, November 07, 2011

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

The Market


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.


An up date on the latest ECRI weekly leading index:

Consumer confidence and the forward performance of the S&P (short--must read):