Which market is leading .....
#1
Posted 31 August 2007 - 12:44 PM
SPX-DOW-Nasdaq trading near at 50dma
http://stockcharts.c...92375&r=923.png
http://stockcharts.c...54533&r=446.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=10&dy=0&i=p66435049971&a=115289116&r=145.png
http://stockcharts.c...92643&r=773.png
http://www.stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=0&mn=3&dy=0&i=p31411575960&a=115683364&r=765.png
#2
Posted 31 August 2007 - 01:01 PM
#3
Posted 31 August 2007 - 01:12 PM
Leadership analysis is, of course, varies.
Your post shows,
Sector leadership
I was showing price performance leadership among major markets.
It is showing big cap tech is leading at the moment as we can see on Qs.
I approach it from this perspective: what was our leadership during the recent run up to the August high? what was our leadership on the downside? who were/are the high betas? is that leadership still intact?
- Energy leadership on the upside is intact (indicative of uptrend)
- Real estate is rallying (indicative of uptrend)
- SPX & RUT2K are leading (indicative of uptrend)
http://www.stockchar...22821&r=444.png
http://www.stockchar...23696&r=803.png
http://www.stockchar...22822&r=572.png
http://www.stockchar...22827&r=798.png
http://www.stockchar...22851&r=442.png
http://www.stockchar...22852&r=364.png
http://www.stockchar...22600&r=170.png
http://www.stockchar...22604&r=242.png
http://www.stockchar...22605&r=555.png
http://www.stockchar...22606&r=962.png
http://www.stockchar...22607&r=182.png
http://www.stockchar...22602&r=788.png
http://www.stockchar...22608&r=715.png
http://www.stockchar...22601&r=193.png
http://www.stockchar...22603&r=157.png
#4
Posted 31 August 2007 - 01:17 PM
#5
Posted 31 August 2007 - 01:29 PM
NDX broke above resistance as shown on the ratio chart.
#6
Posted 31 August 2007 - 01:32 PM
#7
Posted 31 August 2007 - 01:35 PM
#8
Posted 31 August 2007 - 01:38 PM
http://stockcharts.com/c-sc/sc?s=$NDX...4631&r=5658
#9
Posted 31 August 2007 - 01:54 PM