Monday, December 05, 2011

The Morning Call Monday Morning Chartology 12/5/11


The Market
Technical

Monday Morning Chartology


The S&P remains within its intermediate term trading range. I have added a short term trading range marked by the late November lows and the late October highs. As you can also see, the S&P is trading ever so slightly above the down trend off those October highs.






GLD--what’s not to like?



The longer that the VIX stays below the upper zone of its trading range, the more positive conditions become for stocks.



Shanghai index update:
http://advisorperspectives.com/dshort/guest/Chris-Kimble-111202-Shanghai-Index-Update.php

Fundamental

The latest valuation analysis from Doug Short:
http://advisorperspectives.com/dshort/updates/Market-Valuation-Overview.php

And:
http://advisorperspectives.com/dshort/guest/Forecasting-the-Market-Chris-Turner.php

Europe’s choice (medium):
http://www.zerohedge.com/news/guest-post-its-your-choice-europe-rebel-against-banks-or-accept-debt-serfdom