Indices At Support
The selling continued today in the market which puts the NASDAQ Composite and the RUT index right at support. The 800 level for the small caps seems to be a very good support level. If the NASDAQ breaks its 50 day, the next level of support comes in around 2420.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
After 10 up days in a row, are the Utilities due for a pullback. Bearish candle signal. I could not find any history to support seasonality.
http://stockcharts.com/h-sc/ui?s=XLU&p=D&yr=0&mn=6&dy=0&id=p84700042354&a=97919680
Nice observation.. Utilities do look a like they will pullback here.
Post a Comment