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chart patterns of the major indices

Trading > Morpheus Trading

Back to the 50-day MAs

Deron Wagner | Thu, 10/29/2009 - 8:25am | chart patterns of the major indices, ETFs (exchange traded funds), support/resistance levels, Technical Analysis |  Add a comment

Resolving the previous day's indecision, stocks made a decisive, downward move that resulted in sizeable losses across the board yesterday. Unlike the choppy price action of recent days, a steady, intraday trend (down) persisted from the open to the close. The Dow Jones Industrial Average tumbled ... Read more

Trading > Morpheus Trading

A look at the long-term, weekly chart patterns

Deron Wagner | Wed, 07/22/2009 - 8:30am | chart patterns of the major indices, ETFs (exchange traded funds), long-term market trends, support/resistance levels, Technical Analysis |  Add a comment

Throughout most of the day, it looked as though stocks were finally going to break their winning streak, but a late-day push in the final hour of trading enabled the major indices to score another round of gains. Blue chips led the way this time, as the Dow Jones Industrial Average climbed 0.8%. T ... Read more