Tuesday, September 8, 2009

A Few Charts I Am Paying Attention To...

Here are some charts that stood out a bit to me tonight. Most are index-related as I still don't see too many individual setups that are interesting.

Small Caps
U.S. Dollar
All Charts from Telechart, Courtesy of Worden Brothers, Inc.

You may be assuming I am bearish short-term based on the charts I put up, and if you really twisted my arm, I probably would agree. Mainly, however, I am watching these charts to see if they negate the patterns showing here. The Nasdaq and S&P (almost) have pretty much negated the bearish patterns setting up in the middle of last week. If these charts do the same, then I need to throw those bearish ideas out the window. We shall see I guess. Good luck Wednesday.

No comments: