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The Chart Addict

SPX Charts / Volume Significance / Sector Analysis

dshort1

No time to write, but here are some charts. I have a wake up at 4:30AM to catch a flight. I usually sleep at around 3AM, so I have to force myself to sleep.

First up are the SPX charts in the following order: 5-day, 10-day, 1-month, 2-year.

spx5d2spx10d2spx1m2spx2yr

I want to note something very important in the 2-year chart and it has to do with the volume pattern. For the first time, the volume is increasing on the up days. If you looked previously, the volume has always risen during the selloffs and declined during the rallies.

Next up are the SPDR Select sector ETFs.

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A Look at the Rest of the World

There’s pretty much nothing going on in the market, and I’d rather not bore you with more charts of the S&P. Instead, let’s take a look at 2-year/weekly charts of 13 world markets compare them to our SPX and COMP.

spxcompftsecacdaxbvsptsesmsimibtelaordkospiindonesbsenikkhsi

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