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Saturday, July 24, 2010

Market Thought... either way, detailed

The below post is a chart filled orgy from the brief 'heads up' post on Friday. I think the images speak for themselves, so I will keep my explanations to a minimum.

Market charts showing some potential Resistance:

On the flip side, there are the internals that suggest a continued rally via the VIX wanting to break down from its current support and strength from key individual names. (charts not in order, blogger is not user friendly with this many charts)

On top of these charts, take a look at any small/mid cap index or ETF, they appear to be breaking out from a multi-month consolidation.

To me the signs point upward.

Also, here is an interesting video that illustrates the decline in the 10yr, and the lack of relevance quite nicely. (video)

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