Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds

Sunday, December 13, 2015

A few indicator charts of interest


$VXX daily showing a gap up above the 200 day MA on Friday on strong protection buying.


$DOG daily the inverse Dow Jones ETF is showing momentum building with a successeful breakout above the 35 day MA.


$SH daily inverse S&P 500 ETF also showed a momentum breakout.


$APPL weekly showing heavy resistance 35 and 50 MA. The 35 MA has not quite crossed down over the 50 MA yet but it could do in the week ahead.

 

$FDX weekly rejected off  the 35 MA. This was one of my main indicaotrs of the top that occured mid year in the markets. Forget about a rising jobs number and the suposed economic recovery. These companies are the guage of the real economy.


$TRAN weekly rejected off the 50 MA. Also a key indicator of economic conditions.


$EEM weekly also confirms the worsening econimic conditons compounded by a low oil price.

 

$HYG weekly of course this chart is the most concerning of all. It broke below the 200 MA. Look at that huge double top that formed from mid 2014 to mid 2015. 



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