Username:   Remember Me
Password:  

Uber Articles {Über (ger) adj. above, beyond }

- Above and Beyond a Mere Article Directory

 
 

S & P Trend Now Up

By Lupie Gonzales

Hello my fellow stock trading masters. We could be at the birth of another big bull rally.

What?

What am I talking about with so many Americans being jobless, banks being closed down, and house building taking a double douse to the downside?

Fantastic question. It does look ridiculous if you are a one-dimensional life form living in the present.

However you are better than that. You were created this ability to imagine yourself stock trading in the future. This higher level of thinking is what makes you different from other beasts and living organisms that can just think in the here and now. While I acknowledge it’s not as cool as The Hitchhiker’s Guide To The Galaxy time travel, it can make you a lot of money.

One of the most difficult lessons for rookie stock traders to grab is that the stock market is the future of the economic cycle anywhere from 4 to 8 months. In other terms, all the movement taking place on the stock market right now is a wager on the place we imagine the economy will be 9 months from the present. The stock market is saying to us that in 9 months from now, the unemployment rate will be lower, banks will no longer be failing, and housing construction will strengthen. The earnings season that just ended verified that with 69% of all corporations posting earnings increases from the second quarter of 2009.

The previous week I talked on the subject of how, with the downtrend channel breakout, we do not know what new channel or chart pattern will appear for the reason that we don’t have enough data yet. Currently with 1 week more of data, and zooming out on the stock chart to look at the larger pattern, a archetype jumps off the chart.

The S&P 500 has completed a Bullish Flag breakout.

Now bears and gold bugs will disagree with the Bullish Flag breakout and proclaim that not enough volume exists for this to be a bona fide breakout but this is just not true. Provided you go back and study the preceding Bullish Flag breakout we had on the S&P 500, you can appreciate that the volume that has accompanied this breakout is over 25% more!

The Bullish Flag did a perfect 38.2% Fibonacci retracement of the bull run that started in March of 2009. A 38.2% retracement is a healthy retracement for a uptrend.

I am upgrading the S&P 500, Nasdaq, and Dow to that of uptrend.

Free stock chart analysis to aid you in figuring out the trend of the major indices. Check it out at s & p trend

categories: s p trend,technical analysis,stock chart,investing,business

Article kindly provided by UberArticles.com

Topics: Investing | No Comments »

Tags: , , , ,


Article Citation
MLA Style Citation:
Gonzales, Lupie "S & P Trend Now Up." S & P Trend Now Up. 25 Jul. 2010. uberarticles.com. 20 Aug 2014 <http://uberarticles.com/finance/investing/s-p-trend-upgraded/>.

APA Style Citation:
Gonzales, L (2010, July 25). S & P Trend Now Up. Retrieved August 20, 2014, from http://uberarticles.com/finance/investing/s-p-trend-upgraded/

Chicago Style Citation:
Gonzales, Lupie "S & P Trend Now Up" uberarticles.com. http://uberarticles.com/finance/investing/s-p-trend-upgraded/


Reprint Rights

Creative Commons License
This article is subject to a revocable license under a Creative Commons Attribution-No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE VISIBLE links (without "nofollow" tags). We may revoke the license at any time with or without cause. You must also include the credit to UberArticles.com.

Comments are closed.

Disclaimer
Uber Articles and its partner sites cannot be held responsible for either the content nor the originality of any articles. If you believe the article has been stolen from you without your permission, please contact us and we will remove it immediately. If you have a problem with the accuracy or otherwise of the content of an article, please contact the author, not us! Also, please remember that any opinions and ideas presented in any of the articles are those of the author and cannot be taken to represent the opinions of Uber Articles. All articles are provided for informational purposes only. None of them should be relied upon for medical, psychological, financial, legal, or other professional advice. If you need professional advice, see a professional. We cannot be held responsible for any use or misuse you make of the articles, nor can we be held responsible for any claims for earnings, cures, or other results that the article might make.
  • RSS Feed

    RSS for Investing