Wednesday, September 29, 2010

SPX Forms Potential Hanging Man...

INDU          10, 835.28     -22.86     -0.21%
SPX              1,144.73       -2.97     -0.26%
COMPQ        2,376.56       -0.13     -0.13%
RUT                 677.64      +2.21    +0.33%

Exhchagne        NYSE        NASDAQ
Advancers         1,655           1,385
Decliners           1,332           1,225

VIX       23.25     +0.65

Leading NDX stocks - RIMM, STX, LOGI, CHKP, MXIM, DELL FLEX, BIDU, RYAAY, PPDI, BRCM, CERN, SRCL, MRVL and DISH

Lagging NDX stocks - URBN, NWSA, EXPE, ERTS, TEVA, AMGN, VRTX, CEPH, CELG, IACI, ATVI, INTC, WYNN, SBUX, and NIHD

Dave is traveling home this evening from teaching an AT Workshop in Cincinnati.  He will be back and post tomorrow.

The broad indexes were near unchanged continuing to hang out near resistance.  The RUT rose slightly.  Advancers led decliners 1.2 to 1 on the NYSE.  NFLX had another huge day rising 8.77 or 5.42%.

2 comments:

JDM said...

Dave, How did you measure the Target of $37.90 on the GMCR trade? The Measuring target you teach, as I understand, puts the target at $38.67. Was it just a large buffer? It was an amazing exit before that gap down!

Leigh said...

Didn't we have a potential hanging man on Tuesday as well? What makes today's potential hanging man a "Headliner" and not yesterday's?

To my inexperienced eye, it simply looks like more sideways action off Friday's S1 level.