SubscribeThe September Markets
September 1st, 2006 • Related • Filed Under
On this first day of September I would like to take look at how some of the major indices are doing.
- Dow Jones Industrial Average (INDU) – appears to be in a holding pattern, but is starting to slowly gain positive momentum. There still appears to be some uncertainty in the world markets, but most domestic firms appear to be hitting their estimates, if not exceeding them. The long term outlook for the large caps of the Dow look very appealing and are showing a buy signal when looking at the 2 year monthly chart.
- S&P 500 (SP500) – is a leading index that is showing a buy signal and could serve to support and lift the other indices along with it.
- Nasdaq (NASDAQ) – this index is also showing a hold signal, but appears to be gaining from a bounce off support. I expect the nasdaq to base sideways and build momentum for making any difinitive movements. This process could take weeks.
More on this topic
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Dow Jones ($DJI) Chart - Back to Resistance
(My Trader's Journal, 9/12/09)
A Technical Look at Possible Market Resistance
(Stock Trading To Go, 9/16/09)
Dow Jones Industrials Chart - August 28, 2009
(My Trader's Journal, 8/30/09)
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