Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.
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Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.
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Can it hold major support around 1350?
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The current unemployment rate of 4.30% is below the 2007 low of 4.40%. Theoretically, there should be wage inflation at this “low” unemployment rate. But the year over year wage increase is a relatively benign 2.5%. Why would the Fed be in a rush to raise rates?
http://www.investopedia.com/terms/v/vix.asp
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Is this the calm before the storm?
http://www.investopedia.com/terms/v/vix.asp
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West Texas Intermediate is testing major support in the $42 to $43 price zone. There is a high probability this support zone will not hold which would put a test of the $40 price zone in play. If you need another negative, the 50-day moving average has crossed below the 200-day moving average: the old death cross.
Reference my last chart analysis for WTI posted on May 4, 2017.
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Is this the calm before the storm?
http://www.investopedia.com/terms/v/vix.asp
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The winner is the technology sector which is up +14.11% ytd
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