On the daily S&P 500 Index chart, the index has indications of an attempt to test new highs but lacks conviction due to low volume levels as observed at the bottom of the chart.
::: Articles by: Daniel Shaffer
Shaffer Market Report March 3 2010
On the daily S&P 500 Index chart, the index continues to move in a sideways zigzag pattern
Shaffer Market Report Mar 1 2010
On the daily S&P 500 Index chart, the index has moved sideways since our last report as it ended the month of February.
Shaffer Market Report Feb 24 2010
The chart of the Russell 2000 Index, which represents smaller capitalized stocks and is a broader index than the Dow Jones Industrial Average (30 stocks) and the S&P 500 Index (500 stocks), has found resistance at a longer term trend line
Shaffer market Report Feb 15th 2010
The daily S&P 500 Index chart continues to indicate that a descending pattern is unfolding. In technical terms, an Andrews Pitchfork pattern.
Shaffer market Report Feb 10th 2010
The S&P 500 Index daily chart indicates a descending pattern is unfolding.
Shaffer Market Report Feb 8th 2010
On the S&P 500 daily chart we indicate that the bottom on Friday found support on the orange trend line just as the last hour of trading began and took the market positive to close the day.
Shaffer Market Report Feb 3 2010
As we expected from our last report, the daily chart of the S&P 500 Futures Contract illustrates that the Full Moon cycle held the S&P 500
Shaffer Market Report Feb 1 2010
The S&P 500 daily chart indicates the possibility of a short term and very short lived rally
Shaffer Market Report Jan 27 2010
The S&P 500 daily chart indicates the possibility of a short term and very short lived rally if one occurs over the next few trading days.
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