Market Talk / Aug. 31 - Sept. 6

[Spaf]

Market Talk
Sunday Edition
August 31, 2008​

General Commentary:

August closed out as a run down the channel. For the S&P we have resistance at or about 1313 and support at 1261. We need some good stocks to get us out of these doldrums. Every time we seem to get a wind here comes a horseman from energy or finance poking holes in the boat.

Weather, See Hurricanes at NOAA's National Weather Service

A look at the chart(s)
The S&P500 [$SPX] Daily
Large Caps

Charts courtesy of www.StockCharts.com​

The 50d E-moving average (1289) is within the grasp of last week's pricing and profit taking.

The P-SAR returned to a bullish trend.

Volume has been low for the past several weeks.

The S-STO was at 55.04, midstream, and could go either way.

The MACD is basically in a neutral position.

Well, that's it for the weekend!​

Be careful out there!​

 

[Spaf]

Nothing else for this week, see ya next!​

Spaf​