Archive for: March 2010

March 9, 2010

MDY Chart – Hitting Resistance

Filed under: ETF - 09 Mar 2010

I charted the SPDR S&P MidCap 400 ETF ($MDY) on Tuesday, March 9, 2010 after the markets closed and MDY finished the day at $140.30.  Watching the trend line of higher highs that goes back for nearly six months shows MDY is …

March 5, 2010

CSCO Chart – March 5, 2010

Filed under: Technology - 05 Mar 2010

I charted Cisco ($CSCO) while it was trading at $25.07 mid-afternoon today.  What drew my attention to it was that it stopped at the exact same price as its intraday high from January 15th, $25.10, before backing off from it.  …

March 3, 2010

JPM Chart – Trading Channels & Moving Averages

Filed under: Financial - 03 Mar 2010

I charted JP Morgan ($JPM) after the markets closed on Wednesday, 3/3/10, when it finished the day at $41.53.  JPM has spent the past six months in a trading channel heading lower, but is on the rise within a shorter …