Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Mid-week Charts review- Dow Jones and SPY (look green so far…)

For the next few moments; put aside the noises of economy and simply look at the charts below:

Below are two weekly charts; one Dow and one SPY.

The Dow mid-week green bar is a little tepid but green nevertheless.  Giving the volume is quite low so far, we are still waiting for the final verdict of the big money.  Will they make the move Thursday and Friday?

The SPY mid-week bar, however, shows a green bar with more range.  Since the SPY mirrors the S&P500; wouldn’t that mean there are more stocks with strong upswing to back up this green bar?

Let’s see where Thursday & Friday will take us.

Good Hunting!

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One comment

  1. Yogi and Boo Boo
    Yogi and Boo Boo

    I’m still feeling/hearing half looking for higher prices and half looking for a pullback. I’m still short term net short and long term net long.

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