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
Retailers
U.S. Dollar
XLF
BAC
MS
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: