S and P Chart 823

The S&P made a lower high last week giving us a point against which to plot a short term down trend (purple line). That marks 1097 as resistance and 1009/1042 as support.

By Steve Cook
All American Investor

I still want prices in the lower quadrant of the current trading range (1009-1044) before committing funds.

Note that holding 1042 would meet that criterion.


Also note that historically stocks perform their worst in September which is clearly upon us. So I am in no hurry to rush to stocks.

Dividend to Earnings Payout Ratio--Chart

This chart is a little disconcerting. On the other hand it is rapidly approaching the area we saw in 1982--the last major low in the market. File this one under food for thought. Feel free to comment or interpret.


Click on the chart for a better view.

Thanks to the Big Picture.