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The latest from the
IndexHunter session 11/24/2009 SPY - weekly indicator is still way ahead of the price and moving up. The daily is in a little bit of a lull and we haven't seen a surge because the underlying charts haven't jolted it. SQNM - monthly is weak and will stay weak until it's interrupted by the time periods below. The weekly technical pattern is the same as we had in March on the markets. The double bottom on price, strong upside on the MACD indicator which keeps the pressure building, this is a sign that it could jolt. OIH - the hourly was close to a double bottom on the open this morning, but the second bottom on the MACD was above the signal line and wasn't as low as the first bottom. |