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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

March 7, 2010

Sector Charts – 030710

Filed under: Stock Sector - 07 Mar 2010

The last few trading days are a great example why it pays to trade with the trend.  You must respect resistance areas when the market is moving higher, but realize if a current trend is in play, odds are that it continues.

SPX should test recent highs.

Small caps have been on fire.

Gold index XAU is attempting a breakout over trendline resistance.

The oil index has plenty of upside after this breakout.  Time to possibly rest a bit though.

March 3, 2010

Can Small Caps Continue To Lead?

Filed under: Stock Sector - 03 Mar 2010

Small caps have been leading.  This breakout is suspect.  It comes after the bulls used two days of ammo from 630 to 650.

Spooz stalling near an area that acted as prior support.

5-min entry short.  Double top.

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