Monday Morning Chartology
The big question is which offers the more powerful resistance (1) the upper boundary of the short term trading range [top brown line] or (2) the upper boundary of the very short term up trend [top black line]
GLD is once again approaching the level of the last lower high (black line).
Friday’s down move is the first clear move below the lower boundary of the VIX intermediate term trading range. Technically, it is the third day below that boundary. I want to revisit the confirmation issue at the close today.
A look at volume trends (short):
Update on ‘the best stock market indicator ever’:
Merkel is back from vacation (medium):
Demographics and stock prices (medium):
Is corporate America sending a signal (short):
The latest from Jim Bianco (5 minute video):
Update on second quarter’s earnings ‘beat’ rate (short):
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