In this episode, Leslie Jouflas, CMT of Trading Live Online takes a look at the major stock indexes, including the $SPX, S&P 500 Futures, NASDAQ, and $INDU. All of these have traded up to resistance, and Leslie will show you where that resistance area is. Lastly, she'll look at areas where the market might be trading to this coming week.
John Colucci, a.k.a. Johni Scan, illustrates how to scan from a distance, whether for a simple moving average or exponential moving average. He shows how you can use these scans to find stocks that are pulling back into a rising moving average, if you're looking for an entry.
We have seen some major upwards moves in the indexes. However, they are testing a trend line on the S&P 500. Looking at the weekly chart, there the volume is descending as it moves to the upside. In that situation, many times, it will lead to a divergence.
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Today, Erin covers the 5 most important charts she is watching for the week. For SPY, there was a rally in mid-June. Are you we coming out of a bear market? Well, things looks really good, it is also very overbought. She also covers the Energy sector chart and she is not impressed.
