We like to check in on other perspectives each weekend, so here are reminders about some. One is Schaeffer's, check out their Monday Morning Outlook: Making the Case for a Short-Term Trading Range - their intro summary says: "While a few bad apples threatened to spoil the cart last week, the bulls managed to push their rally to a fourth consecutive week. A weak report on the service sector and a subpar jobs report from ADP put the brakes on early strength for the Dow Jones Industrial (DJIA) Average last week, but a surprise decline in July's unemployment rate, and an in-line decline in the number of jobs, sparked a Friday rally on Wall Street. Looking ahead to next week, Todd Salamone, Senior Vice President of Research, checks in on resistance levels for the S&P 500 Index (SPX), the Russell 2000 Index (RUT), and the Nasdaq Composite (COMP), as well as sentiment indicators that could indicate a potential trading range for the overall market. Then, Senior Quantitative Analyst Rocky White looks at an unusual phenomenon -- the SPX trading more than 15% above its 200-day moving average -- and discusses whether or not this is a sign of an overbought market. We wrap up with a look at some key economic and earnings reports slated for release this week."
Also Terry Laundry with his weekly update at T Theory, where he's looking at:
"First we will look at the Short Term picture using the A-D Line then I will comment on the small T, etc.
Then we will take the same history in terms of the volume oscillator and look at it from Marty's very short term trading perspective, maybe 7 days or so.
Finally I will answer the question of when a top to the China market might occur and why my volume oscillator numbers don't quite match those of McClellan site noted at the bottom of these charts.
Send any new questions or comments to terry.laundry@comcast.net"
There's also a length, but quite informative article - Safe Haven | Words from the (Investment) Wise for the Week That Was (August 3 - 9, 2009).
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