Monday, December 05, 2011

The Morning Call Monday Morning Chartology 12/5/11

The Market

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:


The latest valuation analysis from Doug Short:


Europe’s choice (medium):