Monthly Archives: August 2010

Gap up and away today $SPX.. [Chart].. 1132.50 on the close?

August 2, 2010
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Gap up and away today $SPX.. [Chart].. 1132.50 on the close?

Good morning. Looks like we are going to gap open for our first trading day in August.  I have a wide trading range today as we start out the day with an outside out-of-the-park high target of 1132.50 should we blast out of our current trading range crowned at the 1116 area.  First trading...
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I have mixed results for the 52 Week new highs going into Monday .. $SPX..

August 1, 2010
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I have mixed results for the 52 Week new highs going into Monday .. $SPX..

Score: -2  Friday’s 52 week new highs put the Nasdaq and Rut into the neutral zone with stronger daily bars but weaker 5 day momentum.   It will be 3 more trading days (Thursday) before the bars will be low enough again for us to more easily achieve bullish scores on this indicator unless we...
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