Monday, November 14, 2011

The Morning Call-Monday Morning Chartology 11/14/11


The Market

Technical

Monday Morning Chartology


The S&P closed Friday well within its intermediate term trading range and short term up trend. Today I will be watching the area marked by the orange line. The horizontal line is the rough level of the 200 day moving average, the slopping line is a very short term down trend. We, of course, want the S&P to plow through both.




GLD remains the stalwart in our Portfolios.




The VIX is now resting right on the lower boundary of that upper zone in its trading range. (lower is better).




Fundamental

Earnings season wrap up (short):
http://www.ritholtz.com/blog/2011/11/earnings-season-update/

Confused? Don’t feel like the Lone Ranger (short)
http://www.zerohedge.com/news/even-jp-morgan-staying-out-10-sigma-market