S&P500 = 1 week, 1 month and 3 month lows

Friday’s low-volume, rookies-manning-the-terminals jamjob has now been undone.

The S&P 500 took out last week’s lows, with a breach of ~1418. We are now at weekly, monthly and 3 month lows. The August 15th closing low of 1406.70 has not been breached on a closing basis.

The trendline
off of the 2003 and 2006 lows is now in danger of being penetrated — a highly dangerous condition.

My friend Paul notes that "the current red ink will have hit 19 straight days on the
S&P 500 without back-to-back up days. That’s not a record, admittedly, but
it’s now put us into pretty rarefied stock market space."

Year-to-date returns are as follows:

Nasdaq:    +5.20%
S&P500: -0.78%
Russell 2000:  -6.68%
Dow Industrials: +2.25%

Its interesting that the Nazz has the strongest performance, while the S&P lags and the Russell 2000 is worst of all.

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SPX July-November 2007
Spx_6_months

 

Category: Investing, Markets, Technical Analysis, Trading

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Category: Commodities, Energy, Technical Analysis

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Who Are Online Financial Readers ?

Earlier this week, we looked at some data about online financial news sources (via Media Post). For those of you find this sorta stuff interesting, there are more tables after the jump.

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Category: Data Analysis, Financial Press, Investing, Web/Tech