The top chart is that of the NYSE advance / decline line and the S&P 500 below it.
Both charts have crossed above the 20 day moving average. Good things usually happen when these 2 are in sync.
Bull Flag breakout with follow through!
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This risk indicator remains in a bullish configuaton on a weekly and longer term monthly chart!
Keep your eyes on your relatives!
$IBM here is a longer term chart. Bearish Head & Shoulder now in place on the weekly chart.
Expect some pressure to the measured move to the 130 level.
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Bullish wedge breakout! Nice upside potential based on the point & figure vertical Price objective.
$TSLA weak action here. Bearish wick at neckline not really what we want to see.
Relative to $spx horrible!
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“So goes $GM so goes America”
An old adage if you will. If we got the neckline right, more pain to the downside in store for this auto maker.
Enjoy rest of the weekend!
On a daily chart, shorter term chart, we need to do some work to clear through this traffic!
This is a long term chart of the SPDR S&P 500 ETF.
As long as it remains above the up-trend line off of the 2009 and early 2000 lows, it remains bullish to us!
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