FOUR CHARTS THAT EXPLAIN THE 2014 MARKET SO FAR $SPY $QQQ $DIA $AAPL $GLD $SLV
As new-year pension money pours in, the stock market is screaming higher today. The true test will be when the very short-term oversold condition is relieved. In spite of today’s rally, the first three days have a major significance that investors should pay attention to.
On the first day of 2014, the stock market fell; this was the first such occurrence after six years.
On Monday, the DJIA traced an outside day. In the present context, an outside day — which is formed when the high of the day is higher than the high of the previous day and the low of the day is lower than the low of the previous day — is considered negative in traditional technical analysis.… Please click here or the title below to read more.
January 7, 2014