Lots of action in the indexes over the last few weeks since the Fed meeting. That seems to be losing momentum. I want to cover off just a few of the webinar charts that are of interest in this article. The webinar will be at 5 EST. Commodities Countdown 20151112.
First of all, the $SPX is back to flat on the year.
But there are lots of other indicators that are at very sensitive areas. We have been watching the $NYSI since the September lows. Notice this level compared to the 2007-2009 market period.
The same story for the $NASI. The fact that the $NDX made a new high so far and the rest of the indexes have not is a pretty important story.
I have a huge number of charts to run through for the webinar today, but these are some of the thought-provoking charts I'll be discussing.
If you would like to watch live, the webinar will be at 5 EST. Click here to register. Commodities Countdown 20151112.
Good trading,
Greg Schnell, CMT
