Sunday, June 6, 2010

Line of Death Charts

The S&P 500 and the Dow Jones Industrial Average are at support and had better hold -



These are the charts at critical support. In my opinion, they had better hold here, or there will be that much more pressure on the Indexes.

Financials, Regional Banks, Brokers


Materials


Technology


Consumer Staples



Emerging Markets, Singapore, South Africa, Latin America



Cisco, Hewlett Packard, Dell, IBM, Intel
Who says that this market isn’t technical? Cisco is sitting in a Bear Flag, right on top of the 38.2% retracement level. Next big volume move wins –either a potential retest of recent highs, or the NASDAQ breaks into a Bear Market.



Bank of America, JPMorgan, Travelers


United Technologies

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