Monday Morning Chartology
It appears that the S&P has blown out the 1364 interim resistance level, though I won’t be convinced until the Market close today. Meanwhile, the S&P is moving into the upper zone of its short term trading range (1422-1266).
GLD is on the verge of breaking the string of lower highs.
The VIX continues to trade in a range, ending above the lower boundary of its intermediate term trading range and the neckline of the developing head and shoulders pattern.
A history of P/E’s through a complete Market cycle (short):
Update on ‘the best stock market indicator ever’ (medium):
Update on this quarter’s earnings and revenue ‘beat’ rate (short):
Numerous top bankers want big banks broken up (medium):
An updated look at this quarter’s earnings season (short):
This Week’s Data
The latest M2 data (medium):
GDP per capita (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.