Market Talk / Nov. 16th - 22nd

[Spaf]

Market Talk
Sunday Edition
November 16, 2008​

General Commentary:

The S&P [$SPX] continues to play in a trading range of about 840 support and 1020 resistance, same as last week. Any advances are followed by buyers, thus the market is unable to make any real technical advance. Too chase any advance is futile. Indicators are in a good position, but indecision is keeping them around a neutral point.

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

Charts courtesy of www.StockCharts.com​

The pricing was under the 13d E-moving average in a bearish trend.

Bollinger Bands have contracted to a lessor volatility, but things can still get quite wild.

The P-SAR has returned to a bearish signal.

Volume has been low to average.

The S-STO is neither overbought or oversold, but somewhat in neutral.

The MACD has also returned to a neutral state.

Well, that's it for the weekend!​

Be careful out there!​

 

[Show-me]

Over 100 U.S. "blue chips" now selling for under $10 a share

Reuters
Over 100 U.S. "blue chips" now selling for under $10 a share
Wednesday November 19, 6:58 pm ET
By Kristina Cooke and Dan Burns

NEW YORK (Reuters) - One hundred and one. No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.

http://biz.yahoo.com/rb/081119/business_us_sp_10bucks.html

 

[Show-me]

Sound like the Pres-Elect has given the blessing to Tim Geithner as Treasury Secretary.

 

[ATCJeff]

Sound like the Pres-Elect has given the blessing to Tim Geithner as Treasury Secretary.

and Senator Clinton.

 

[Spaf]

Nothing else for this week, see ya next!​

Spaf​